This Litigation Information Section is designed to assist the public in searching for information regarding frequently occurring litigation topics. The section is not an exhaustive list of all Commission enforcement actions relating to investment companies and investment advisers.

Check back frequently for new additions to the Litigation Information Section.

• Advertising/Performance/Social Media
  • http://www.sec.gov/litigation/admin/2014/33-9521.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3740.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69816.pdf
• Affiliated Transactions/Joint Transactions
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3654.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69425.pdf
• Allocation & Aggregation
  • http://www.sec.gov/litigation/admin/2013/33-9446.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70126.pdf
• Allocation - Cherry-picking
  • http://www.sec.gov/litigation/admin/2013/ia-3729.pdf
• Best Execution
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9446.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3637.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70083.pdf
• Books & Records
  • http://www.sec.gov/litigation/admin/2013/ia-3740.pdf
  • http://www.sec.gov/litigation/admin/2013/34-71069.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22888.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3725.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70297.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70058.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3636.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69973.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69971.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69969.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22743.htm
• Compliance Programs
  • http://www.sec.gov/litigation/admin/2014/33-9521.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3763.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2013/34-71069.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3725.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3727.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70944.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70297.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3655.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3654.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3637.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70083.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69680.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3611.pdf
• Conflicts of Interest
  • http://www.sec.gov/litigation/admin/2014/ia-3751.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70938.pdf
• Cross Trades
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70330.pdf
• Custody
  • http://www.sec.gov/litigation/admin/2013/34-71070.pdf
  • http://www.sec.gov/litigation/admin/2013/34-71069.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70944.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70058.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3636.pdf
• Derivatives
  • http://www.sec.gov/litigation/admin/2013/ia-3735.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9438.pdf
• Failure to Supervise
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70058.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3636.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3634.pdf
• Fiduciary Duty
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22888.htm
  • http://www.sec.gov/litigation/admin/2013/34-70989.pdf
• Fraud - False Account Statements
  • http://www.sec.gov/litigation/admin/2013/34-70980.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70161.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70125.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3632.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69973.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69971.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69969.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69873.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69640.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22706.htm
• Fraud - Market Manipulation
  • http://www.sec.gov/litigation/admin/2013/34-70330.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69437.pdf
• Fraud - Misappropriation
  • http://www.sec.gov/litigation/admin/2015/ia-4288.pdf
  • http://www.sec.gov/litigation/litreleases/2015/lr23423.htm
  • http://www.sec.gov/litigation/admin/2014/34-71522.pdf
  • http://www.sec.gov/litigation/litreleases/2014/lr22922.htm
  • http://www.sec.gov/litigation/admin/2014/34-71492.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71459.pdf
  • http://www.sec.gov/litigation/litreleases/2014/lr22908.htm
  • http://www.sec.gov/litigation/admin/2013/34-71109.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3740.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9495.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70980.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3730.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3723.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22885.htm
  • http://www.sec.gov/litigation/admin/2013/34-70344.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70343.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70341.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70338.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70297.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9446.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3657.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3656.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22789.htm
  • http://www.sec.gov/litigation/admin/2013/33-9442.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70161.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70125.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3642.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22787.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22784.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22777.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22774.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3632.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3630.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69950.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22743.htm
  • http://www.sec.gov/litigation/admin/2013/34-69873.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22722.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22720.htm
  • http://www.sec.gov/litigation/admin/2013/34-69640.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3610.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22706.htm
• Fraud - Misrepresentations
  • http://www.sec.gov/litigation/litreleases/2015/lr23423.htm
  • http://www.sec.gov/litigation/admin/2015/ia-4288.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3778.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9547.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71522.pdf
  • http://www.sec.gov/litigation/litreleases/2014/lr22927.htm
  • http://www.sec.gov/litigation/litreleases/2014/lr22922.htm
  • http://www.sec.gov/litigation/admin/2014/34-71492.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71459.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9521.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3763.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3762.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9515.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9511.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3751.pdf
  • http://www.sec.gov/litigation/litreleases/2014/lr22908.htm
  • http://www.sec.gov/litigation/admin/2013/33-9501.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22895.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3740.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9495.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3735.pdf
  • http://www.sec.gov/litigation/admin/2013/34-71043.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22888.htm
  • http://www.sec.gov/litigation/admin/2013/34-70989.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70980.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3730.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3729.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9488.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3725.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3723.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70938.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22885.htm
  • http://www.sec.gov/litigation/admin/2013/34-70344.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70343.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70341.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70338.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70330.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70329.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9446.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3657.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3656.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22789.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3654.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70239.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9443.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9442.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70215.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9440.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70161.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70126.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70125.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9438.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3642.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22787.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22784.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22777.htm
  • http://www.sec.gov/litigation/admin/2013/34-70043.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3632.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69984.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69973.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69971.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69969.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69950.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69949.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22743.htm
  • http://www.sec.gov/litigation/admin/2013/34-69873.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69816.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22720.htm
  • http://www.sec.gov/litigation/admin/2013/34-69640.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3610.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22706.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3592.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69461.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69462.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69425.pdf
• Fraud - Offering Fraud
  • http://www.sec.gov/litigation/admin/2014/34-71492.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9511.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9495.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70938.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22885.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22881.htm
  • http://www.sec.gov/litigation/admin/2013/34-70341.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22789.htm
  • http://www.sec.gov/litigation/admin/2013/34-70215.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9440.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70125.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22777.htm
• Fraud - Omissions
  • http://www.sec.gov/litigation/admin/2015/ia-4288.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3778.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9547.pdf
  • http://www.sec.gov/litigation/litreleases/2014/lr22927.htm
  • http://www.sec.gov/litigation/admin/2014/33-9521.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3763.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9515.pdf
  • http://www.sec.gov/litigation/admin/2014/33-9511.pdf
  • http://www.sec.gov/litigation/admin/2014/ia-3751.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9501.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22895.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22888.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3730.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9488.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70938.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70344.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70343.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70341.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70338.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70330.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70329.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70297.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9446.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3657.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3656.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22789.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3654.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70239.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9443.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70215.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9440.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70126.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70125.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9438.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22784.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22777.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22774.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3632.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69984.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69950.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69949.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22743.htm
  • http://www.sec.gov/litigation/admin/2013/34-69816.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3610.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3592.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69461.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69462.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69425.pdf
• Fraud - Ponzi Scheme
  • http://www.sec.gov/litigation/litreleases/2014/lr22925.htm
  • http://www.sec.gov/litigation/admin/2013/33-9495.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70330.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70329.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22789.htm
  • http://www.sec.gov/litigation/litreleases/2013/lr22774.htm
  • http://www.sec.gov/litigation/admin/2013/34-69640.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69637.pdf
  • http://www.sec.gov/litigation/admin/2013/34-69529.pdf
• Fraud - Prime Bank Scheme
  • http://www.sec.gov/litigation/admin/2013/33-9402.pdf
• Insider Trading
  • http://www.sec.gov/litigation/admin/2015/34-76594.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71497.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71463.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71429.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71315.pdf
  • http://www.sec.gov/litigation/admin/2014/34-71260.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3660.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3649.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22761.htm
  • http://www.sec.gov/litigation/admin/2013/ia-3634.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22707.htm
  • http://www.sec.gov/litigation/admin/2013/34-69514.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3604.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3605.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3606.pdf
  • http://www.sec.gov/litigation/admin/2013/ia-3607.pdf
• Money Market Fund
  • http://www.sec.gov/litigation/admin/2013/ia-3725.pdf
• Pay to Play
  • http://www.sec.gov/litigation/litreleases/2013/lr22720.htm
  • http://www.sec.gov/litigation/admin/2013/34-69627.pdf
• Performance Fees
  • http://www.sec.gov/litigation/admin/2013/ia-3747.pdf
• Personal Trading
  • http://www.sec.gov/litigation/admin/2013/ia-3655.pdf
• PIPE
  • http://www.sec.gov/litigation/admin/2013/34-71043.pdf
  • http://www.sec.gov/litigation/litreleases/2013/lr22881.htm
• Principal Transactions
  • http://www.sec.gov/litigation/admin/2013/ia-3727.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70944.pdf
• Registration
  • http://www.sec.gov/litigation/admin/2013/ia-3740.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9437.pdf
• Securities Lending
  • http://www.sec.gov/litigation/admin/2014/34-71442.pdf
• Soft Dollars
  • http://www.sec.gov/litigation/admin/2013/34-71191.pdf
• Valuation
  • http://www.sec.gov/litigation/admin/2014/33-9515.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9443.pdf
  • http://www.sec.gov/litigation/admin/2013/33-9390.pdf
  • http://www.sec.gov/litigation/admin/2013/34-70016.pdf
  • http://www.sec.gov/litigation/admin/2013/ic-30557.pdf
  • http://www.sec.gov/litigation/litreleases/2012/lr22510.htm
  • http://www.sec.gov/litigation/litreleases/2012/lr22477.htm
  • http://www.sec.gov/litigation/litreleases/2011/lr22024.htm
  • http://www.sec.gov/litigation/admin/2012/34-67140.pdf
  • http://www.sec.gov/litigation/litreleases/2010/lr21699.htm
  • http://www.sec.gov/litigation/admin/2009/ia-2855.pdf
  • http://www.sec.gov/litigation/aljdec/2009/ia-2848.pdf
  • http://www.sec.gov/litigation/aljdec/2009/id369rgm.pdf
  • http://www.sec.gov/litigation/litreleases/2008/lr20751.htm
  • http://www.sec.gov/litigation/complaints/comp18226.htm
  • http://www.sec.gov/litigation/litreleases/lr19427.htm
  • http://www.sec.gov/litigation/litreleases/lr18432.htm
• Additional Litigation Releases