Regulatory Alerts2023-06-30
Added · Updated
Stipulation and Agreement: Parnassus Funds and The Parnassus Income Funds
Parnassus Funds and The Parnassus Income Funds must pay $8,500 to the State of Connecticut, comprising $5,000 in past due notice filing fees and a $3,500 administrative fine, to resolve delinquencies in their securities filings for five specific portfolios. The entities are required to comply with Section 36b-21(c) of the Connecticut Uniform Securities Act by filing timely notices for all offered securities. This settlement resolves the matter in lieu of court action or administrative proceedings, though the Banking Commissioner retains the right to take enforcement action for future violations or previously unknown evidence.
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