Zoe Financial, Inc. settles SEC charges over alleged breaches of fiduciary duty

The SEC posted the administrative proceeding on Sept. 28, 2026.

From the order:

"Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting the findings herein, except as to the Commission's jurisdiction over it and the subject matter of these proceedings, which are admitted, Respondent consents to the entry of this Order Instituting Administrative Cease-and-Desist Proceedings Pursuant to Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order ("Order"), as set forth below."

According to the order:

"This proceeding concerns breaches of fiduciary duty by Zoe Financial, a registered investment adviser, for failing to fully and fairly disclose material facts concerning conflicts of interest to its clients and prospective clients."