Performance Advertising Without a Net

October 1997
Journal of Financial Planning;Oct97, Vol. 10 Issue 5, p19
Academic Journal
The article focuses on a ruling made against the Securities & Exchange Commission (SEC), in which the judge threw out the SEC's charge against an advisory service firm. The judge wrote that at the time the advisory firm "created and distributed its charts (to clients and prospective clients) there was no universally accepted industry standards for calculating and presenting performance results of investment advisers." The judge basically rebuked the SEC, noting that it "has provided little guidance on the appropriate methods for calculating and presenting performance."


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