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Articles Posted in Strategy Disclosure

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SEC Charges Investment Adviser for Failure to Disclose Change in Investment Strategy

Strategy shifts now the focus, the SEC extracts another pound of flesh from a fund adviser. In a recently settled administrative proceeding, UBS agreed to return $8.2 million of advisory fees to investors, compensate investors for $4.9 million of investment losses and pay $4.4 million in interest and penalties to the…