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

Banking Essentials Newsletter: July Edition - Part 3

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


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.