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Iowa investment company concealed conflicts of interest, SEC says


Des Moines Register: An Iowa-based investment firm failed to inform clients for years that it was steering their money into investments that generated extra money for the company but may not have been as advantageous to them, according to the U.S. Securities and Exchange Commission. The SEC filed a complaint March 1 against Cambridge Investment Research Advisors and Cambridge Investment Research. The companies are headquartered in Fairfield and manage nearly $70 billion in assets for more than 200,000 clients, according to the SEC complaint. Cambridge has denied wrongdoing.

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