A convertible note financing business and its owners settled SEC charges for failing to register as a securities dealer.
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The SEC charged a firm and its sole officer for failing to register as a dealer in connection with its "convertible notes business."
A dual registrant settled SEC allegations for charging advisory clients undisclosed or misstated fees on foreign exchange account transfers.
The SEC charged a broker-dealer for failing to file suspicious activity reports regarding OTC trades of low-priced securities. The SEC alleged the trades constituted a "red flag" as defined in the broker-dealer's own procedures.
A dually registered investment adviser and broker-dealer was penalized for failing to adequately and periodically review wrap fee accounts to identify instances of "reverse churning."