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.
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.
Two affiliated investment advisers settled SEC charges for failing to fully disclose their fee calculation practices, resulting in millions of dollars in excess fees charged to private equity funds they advised.
Three municipal bond underwriters settled SEC charges for failing to provide sufficient disclosure to investors in connection with the sale of municipal securities.