The SEC charged Hudson Valley Wealth Manager Inc., and its manager and founder, Christopher Conover, with undisclosed conflicts of interest related to investments by a private fund and separately managed account clients in films produced by a firm production company. Hudson and Conover settled the case, with Conover agreeing to pay $600,000 in disgorgement and interest and a $150,000 penalty and Hudson agreeing to pay a $200,000 penalty.