A foreign individual and his Bermuda organized trust settled SEC charges for conducting securities transactions without registering as a broker-dealer.
News & Insights
A broker-dealer settled FINRA charges for failing to conduct reasonable due diligence in connection with a private-placement offering and for failing to maintain the minimum net capital required to operate as a securities business.
A broker-dealer settled SEC charges for operating as an unregistered municipal advisory firm by providing advice to a municipality regarding securities that were purchased with the proceeds from an issuance of bonds.
A trust company settled SEC charges for (i) conducting securities transactions without registering as a broker-dealer and taking steps to conceal its unregistered activities, and (ii) making misleading statements regarding a service that allowed investors to create an irrevocable trust online.
In the United States District Court for the Southern District of New York, the SEC obtained a final judgment against an adviser and his UK-based financial services firm for engaging in billions of dollars of U.S. securities transactions without registering as a broker-dealer.