>www.sec.gov/litigation/admin/2017/34-81898.pdf
This is final settlement of a record keeping infraction.
1) The infraction was that one individual employee (financial advisor - subject to SEC record keeping rules) used their personal email to conduct some business. It was intentional to avoid SEC disclosure (a crime).
2) Further, LCM relied only on the honor system with its employees (careless record keeping)
3) Further, an officer of the company knew it and did nothing.
Generally not a big deal, (employee gets sternly disciplined/fined/fired/losses license), company pays fine. But the fact that an Obama friend company was even approached by the Obama SEC on this issue is interesting. Maybe what information was intentionally hidden (and now lost) is something REALLY big. We'll never know?
The fact they settled in Oct 2017 (DJT's SEC) also indicates LCM is trying to get the hell out of the target zone. If Killary won, this never would have settled and would have been dropped. (IMHO).