A bank settled parallel SEC and Federal Reserve Board charges for (i) extending lines of credit to affiliates of the bank's CEO without the majority approval of its board, (ii) failing to disclose related party loans in annual reports and proxy statements, and (iii) issuing materially misleading statements.
News & Insights
712 News Results
Two broker-dealer firms agreed to settle SEC and FINRA charges of anti-money laundering violations for failing to report suspicious penny stock sales.
A dually-registered broker-dealer and investment adviser was fined by the SEC and FINRA for failing to file Suspicious Activity Reports. The failure concerned the broker dealer's use of an improperly high dollar threshold for filing the reports.
In separate CFTC, SEC and FINRA actions, a dually registered futures commission merchant and broker-dealer settled charges of AML compliance and suspicious activity report filing failures.
A broker-dealer settled SEC and FINRA charges for reporting incomplete and inaccurate securities trading information.