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Violation Tracker Individual Record

Company: Bruderman Asset Management LLC
Penalty: $250,000
Year: 2023
Date: September 26, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Bruderman Asset Management LLC (BAM) and its principal agreed to settle charges related to their failure to disclose the misuse of proceeds raised from investment advisory clients and to the firm's failure to implement reasonably designed written policies and procedures concerning the disclosure of conflicts of interest.
Level of Government: federal
Action Type: agency action
Agency: Securities and Exchange Commission
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.