Contentious SEC-Timbervest battle comes to a relatively peaceful resolution

By Brad Rosen, J.D. The SEC and Timbervest LLC have come to terms ending their acrimonious and high-stakes litigation dating back to September 2013. According to the Commission order in this matter, the SEC found that Timbervest violated Section 204 of the Advisers Act, which generally requires an investment adviser to make and keep accurate books and records as required by the Commission. Timbervest, while neither admitting nor denying the Commission’s findings, agreed to cease and desist from committing or causing any violations and any future violations of the applicable provision of the Advisor Act (In the Matter of Timbervest, LLC, December 21, 2018). All further appellate and agency litigation put to rest. The resolution of this matter puts an end to ongoing appellate litigation between the parties. In September of this year, Timbervest, LLC took a step towards restarting its battle against the SEC by asking the D.C. Circuit to move forward with oral arguments on a…

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