SEC Charges Investment Adviser Zoe Financial Over Undisclosed Conflicts of Interest

The US Securities and Exchange Commission (SEC) has announced settled regulatory charges against New York-based registered investment adviser Zoe Financial Inc. According to the regulator, the enforcement action addresses allegations that the firm failed to fully and fairly disclose material facts regarding conflicts of interest to its clients and prospective clients. The regulatory action highlights the ongoing scrutiny by securities authorities regarding fiduciary disclosures and transparency standards required of registered investment advisers.