From our friends at FiSolve, the SEC charged a State of Minnesota-registered investment adviser, and its owner with cherry-picking by disproportionally allocating profitable trades to accounts belonging to the owner and his relatives, while allocating unprofitable trades to other advisory clients.  The owner consented to an industry bar, and the firm and owner consented to certain remedial measures, including the payment of civil penalties and disgorgement.  The adviser was also censured.  Read more here.