The Securities and Exchange Commission (SEC) fined SignalPoint Asset Management after it allegedly failed to disclose conflicts of interest to their clients. The SEC claimed that SignalPoint misrepresented the source of funds used to start the business. The three principals of the company, Jonathan Timson, Dennis Walker, and John Handy Jr., as well as Comptroller Michael Orzel, all consented to the SEC fine without admitting or denying the allegations. The four men were fined a total of $215,000.
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