Securities Regulation Daily Wrap Up, FORMS AND FILINGS—Institutional investment manager pays $500,000 for five-year filing delinquency, (Sep 9, 2026)
Organizations Mentioned:Szakacs Cameron
By Jay Fishman, J.D.
The form filings were required because the institution held more than $100 million in reportable securities.
The SEC settled with an institutional investment management LLC over the LLC’s failure to file Form 13F from February 2022 until May 2026 when it finally made the first filing. Exchange Act Section 13(f) and corresponding Rule 13f-1(b) require broker-dealers and investment advisers to file Form 13F when they have investment discretion over more than $100 million in reportable securities, which the firm has (In the Matter of Independent Financial Group, LLC, Exchange Act Release No. 106287 (Sept. 8, 2026)).
Settlement order. The firm agreed to cease and desist from violating the above Exchange provisions, to be censured, and to pay the Commission $500,000.
The release is No. 34-106287.
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