Action against an investment advisor, its principal, and its founder, for alleged breach of fiduciary duty.  According to the SEC, Respondents induced their client to amend her will, increasing her bequest to a charity that was also a client of Respondents and providing that Respondents would manage most of the donated assets.  Respondent investment advisor, Respondent principal, and Respondent founder have agreed to pay civil penalties of $100,000, $50,000, and $25,000, respectively.

SEC Order