The Securities and Exchange Commission has hit the principals and comptroller of registered investment adviser SignalPoint Asset Management with a combined $215,000 fine for breach of fiduciary duty over their failure to disclose conflicts of interest to clients, Investment News reports.
Principals John Handy Jr., Jonathan Timson and Dennis Walker, and Comptroller Michael Orzel consented to the SEC order instituting administrative and cease-and-desist proceedings without admitting or denying the findings, according to Investment News.
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