SEC Issues Settled Enforcement Action against Investment Adviser, its President and Senior Officers for Compliance Program Violations

August 04, 2015

The U.S. Securities and Exchange Commission (SEC or Commission) issued a cease and desist order (Order) on June 23, 2015 against Pekin Singer Strauss Asset Management Inc. (Adviser), an investment adviser registered under the Investment Advisers Act of 1940 (Advisers Act), its former President, Ronald L. Strauss (President), current Chairman William A. Pekin (Pekin), and current co-CEO Joshua D. Strauss (Strauss) (collectively, Officers). Messrs. Pekin and Strauss were, at the time of the investigation, portfolio managers (Portfolio Managers) of the Appleseed Fund (Fund), a series of Unified Series Trust, an SEC-registered open-end management investment company.

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