CLIENT ALERT: Cherokee Investment Partners, LLC and Cherokee Advisers, LLC Settles with the Securities and Exchange Commission Over Improper Compliance Expense Allocation
December 4, 2015 – In yet another example of the Securities and Exchange Commission's continued focus on improper expense allocation to investors, Cherokee Investment Partners, LLC and Cherokee Advisers, LLC agreed with the SEC last month to pay fines for allegedly misallocating legal expenses related to investment adviser registration costs to investors. The attached Client Alert reviews the details of the SEC's settlement with Cherokee.
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