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SEI Investments Company controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2012

    Litigation arising from Allen Stanford investment fraud

    Investors sued SEI in connection with the financial crimes committed by Allen Stanford. They alleged that SEI promoted or misrepresented Stanford-affiliated certificates of deposit as safe investments and did not perform sufficient due diligence. SEI denied the characterization of its role and said it provided back-office services to a Stanford affiliate. The supplied reference reports that the case was still ongoing in September 2015 and does not provide a final result.

    Source