AssetMark agreed to pay more than $18 million to settle allegations that it didn’t disclose conflicts of interest involving a cash sweep program and revenue-sharing payments from custodians, the Securities and Exchange Commission said Tuesday.
AssetMark (ticker: AMK), a technology and asset management services provider, agreed to pay the penalty without admitting or denying the SEC’s findings. A spokeswoman for the company declined to comment.
“Investment…
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