FYI: I have been asked to circulate information about an opening for the global CCO position at Carlson Capital, a hedge fund. The position will be based in Dallas. Carlson is also looking for a junior to mid-level compliance associate in Dallas. Anyone who may be interested should contact Troy D. Wuertz at Carlson Capital, LP, phone: 214.932.9638, fax: 214.932.9602, email: twuertz@carlsoncapital.com. * * *
FYI: The SEC has settled enforcement actions against Credit Suisse (CS, a BD/IA) and Katz (a registered BD/IA rep with CS) for breach of fiduciary duty (failure to seek best execution), inadequate disclosures and deficient policies and procedures resulting from the selection of mutual fund share classes that paid 12b-1 fees to CS (with a portion passed on to Katz) when less expensive share classes were available to clients invested in a CS wrap fee program. While enforcement actions along these lines have been brought on several occasions before, several interesting points were noted in these cases, including: • CS […]