trending Market Intelligence /marketintelligence/en/news-insights/trending/ObG2RGXlME-3ibbtnzmMEg2 content esgSubNav
In This List

SEC fines Ancora Advisors for violating pay-to-play rules

Blog

Insight Weekly: Bank boards lag on gender parity; future of office in doubt; US LNG exports leap

Blog

Insight Weekly: Job growth faces hurdles; shale firms sit on cash pile; Africa's lithium future

Podcast

Street Talk | Episode 99 - Higher rates punish bond portfolios, weigh on bank M&A

Blog

Insight Weekly: Loan growth picks up; US-China PE deals fall; France faces winter energy crunch


SEC fines Ancora Advisors for violating pay-to-play rules

The U.S. Securities and Exchange Commission issued a cease-and-desist order against Ancora Advisors LLC for violating the agency's pay-to-play rule for investment advisers.

The asset manager was also fined a $100,000 civil monetary penalty.

Between January 2013 and June 2017, two Ancora associates made campaign contributions to candidates running for the offices of Governor and Treasurer of Ohio. The offices have influence over selecting investment advisers for a public pension system and a public university in Ohio.

Within two years after the contributions were made, Ancor provided advisory services for compensation to the public pension system and the public university.