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SEC Press Release
The SEC sanctioned a former portfolio manager at a Boulder, CO-based investment adviser for forging documents and misleading the firm’s chief compliance officer to conceal to report personal trades.
Carl Johns of Louisville, Colorado faces a fine of $350,000 and a ban from the securities industry for at least five years. This sanction is the agencies first under Rule 38a-1(c) of the Investment Company Act. For more information about the nature of case and the sanction itself, please click here.