Investment Management Partner Discusses SEC’s Action Against Boulder Funds’ CFO in Board IQ

In The News
September 10, 2013
The September 10 issue of Board IQ quotes investment management partner Greg Sheehan in an article about the SEC’s recent action against the CFO of Boulder Funds for lying to the funds’ CCO about improper trading practices. This is the first time that the commission has brought an action under the Investment Company Act’s Rule 38a-1(c). In the article, Mr. Sheehan notes, “The commission takes these things seriously. They want to make sure individuals are not taking advantage of firms’ information, not front-running clients of the firm and the integrity of reporting in this area. This has always been important, and firms, boards and advisers have always taken this seriously.”