Swiss Investment Adviser Charged by SEC for Trading Rule Violation
On November 26, 2024, the Securities and Exchange Commission (SEC) revealed that FiveT Capital AG, a Switzerland-based company, has agreed to settle charges. This settlement comes after allegations made by the SEC regarding violations related to fund compliance and oversight.
FiveT Capital AG is accused of failing to implement adequate compliance procedures and internal controls within its investment programs. These shortcomings resulted in insufficient oversight of the funds, potentially putting investors at risk.
As part of the settlement, FiveT has agreed to pay a monetary penalty and adhere to a cease-and-desist order. The company also committed to making improvements to its compliance and oversight practices to prevent future violations.
The SEC’s enforcement actions serve to protect investors and maintain the integrity of the securities market. By holding companies accountable for their actions and promoting transparency, the SEC plays a crucial role in safeguarding investors’ interests.
It is essential for companies to prioritize compliance and oversight to protect investors and maintain trust in the financial market. The SEC’s enforcement actions serve as a reminder of the importance of upholding regulatory standards and adhering to best practices in the industry.
