A broker-dealer settled SEC charges for misleading clients as to trade execution services and transaction costs in the broker-dealer's retail wrap fee program.
The SEC charged an investment advisory firm and two of its investment advisers with violating their fiduciary duty and defrauding clients by failing to disclose significant financial conflicts of interest.
A former executive of a brokerage firm settled SEC charges for illicitly securing business deals with a Malaysian state-owned and controlled investment fund.
A broker-dealer and a registered representative settled FINRA charges for failing to establish and enforce procedures to record and review phone calls between the firm and existing or potential customers.
The SEC charged an entity and several associated individuals with misleading 100 investors - most of whom were seniors - resulting in $4.9 million in losses.
A broker-dealer settled FINRA charges of failure to "establish, maintain and enforce a sufficient supervisory system ... reasonably designed to achieve compliance with applicable securities laws and regulations."
A broker-dealer agreed to settle FINRA charges for neglecting to identify and apply available sales charge waivers to eligible retirement accounts and charitable organizations.
North American Securities Administrators Association President Michael Pieciak offered recommendations on how the SEC can improve Regulation Best Interest to benefit investors.
A broker-dealer agreed to settle FINRA charges for inadequate trading supervision, providing inaccurate statements, paying unregistered individuals and failing to establish an adequate Customer Identification Program.
The U.S. Court of Appeals for the Second Circuit affirmed a lower court's dismissal of a shareholder's lawsuit, which alleged that a health insurer and its executives misled investors regarding compliance with Medicare regulations.
A broker-dealer agreed to settle FINRA charges for failing to identify and apply available sales charge waivers to eligible retirement accounts and charitable organizations.
A broker-dealer agreed to settle FINRA charges for failing to ensure that representatives' recommendations of variable annuities complied with relevant securities laws and regulations.
An SEC-issued "Commission Statement" that provides relief from aspects of the security-based swap dealer business conduct rules was published in the Federal Register.
The SEC issued a "Commission Statement" to provide relief from aspects of the security-based swap dealer business conduct rules, primarily the treatment of special entities.
The SEC Office of Compliance Inspections and Examinations alerted investment advisers, investors and other market participants to recurring compliance issues related to the Cash Solicitation Rule.
