"'There Is No Excuse:' Behind the $10.5M Case Against Catalyst"

January 29, 2020

Nicole Crum was quoted in the article "'There Is No Excuse:' Behind the $10.5M Case Against Catalyst'," which was published by Ignites [sub. req.] on January 29, 2020.

Catalyst Capital Advisors was fined by the SEC for leading clients astray by assuring them the investment process would protect against losses of more than 8%, when no such guardrails were in place. The SEC stated that not only were the fund's internal processes flawed, but the firm failed to keep tabs on investment teams and their work.

Nicole comments that the firm appears to have fallen short of "fundamental and basic compliance functionality." She goes on to say, "These things are basic hygiene habits that either weren't there or were ignored...you should know how your fund is being run and what you tell people about it when they buy it."

Related People

Jump to Page