The Securities and Exchange Commission (SEC) has cracked down on five registered investment advisers. The SEC imposed fines on five entities for violating marketing rules in what would be the second wave of regulatory action in the space of a year. SEC fines investment advisorsAll five firms have held their hands up and agreed to settle the penalties levied on them by the government body. The combined fines come in at $200,000 and the SEC has also imposed other charges. The SEC’s investigations and orders found that “the five firms advertised hypothetical performance to the general public on t…