Commission moves against RIA CCO accused of ‘marking the close’

According to IA Watch, The SEC has taken action again Donald Koch, the President and Chief Compliance Officer of Koch Asset Management, alleging he breached his fiduciary duty, failed to seek best execution, didn’t maintain electronic records of trades and neglected his duty as CCO to implement compliance policies and procedures to prevent Advisers Act violations.   The issue stems from allegations that Koch was “marking the close” to fool clients.

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