An investment adviser settled SEC charges for casting proxy votes on behalf of the registered investment companies it managed without taking steps to verify that its voting tendencies were in the best interest of the clients it represented.
A cryptocurrency firm settled SEC charges for publicly offering tokens that the SEC considered to be securities under the Howey test.
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."
An investment adviser settled SEC charges for failing to comply with the independent verification requirement for client assets over which the adviser was deemed to have custody.
A broker-dealer settled FINRA charges for failing to (i) implement reasonably designed AML policies, (ii) identify and respond to potentially manipulative trading and (iii) establish sufficient market access controls and procedures.