The U.S. Securities and Exchange Commission recently announced that it has ordered Montford Associates, an Atlanta investment advisory firm, to pay a penalty of $650,000 for failing to disclose payments the firm allegedly received from a hedge fund to which it steered clients.

According to reports, Montford failed to disclose the payments and specifically represented to its clients that the firm did not receive any compensation in connection with giving advice to their clients.

The White Law Group is investigating the legal liability that Montford has to its clients for failing to disclose the payments it received.

For information on the firm’s investigation, please call the firm at 312/238-9650.

The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, visit http://whitesecuritieslaw.com.