trending Market Intelligence /marketintelligence/en/news-insights/trending/bN9PyEr-Z7QcNHKRUCkj0w2 content esgSubNav
In This List

Momentum Investment Partners, CEO to pay more than $230,000 over fee disclosure

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


Momentum Investment Partners, CEO to pay more than $230,000 over fee disclosure

Avatar Investment Management and CEO Ronald Fernandes were ordered to pay more than $230,000 for failing to disclose to some of its advisory clients certain fees they were being charged.

In a May 2016 complaint, the SEC alleged that Avatar and Fernandes failed to disclose that moving clients' assets into new mutual funds that it created and managed would increase their total advisory fees paid to Avatar without changing the clients' investment strategy.

Momentum Investment Partners LLC does business as Avatar Investment Management.