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Two firms, one serving as an introducing broker-dealer and the other a clearing/executing broker, settled SEC violations for "failing to accurately report trading activity, comply with short sale rules, submit timely suspicious activity reports, maintain books and records, and safeguard customer information."

Andrew Lom Commentary by Andrew Lom

The SEC sued Elon Musk for failing to timely disclose his beneficial ownership of Twitter shares after exceeding the 5 percent ownership threshold. The SEC alleged that Mr. Musk's delay in filing allowed him to continue purchasing Twitter shares at artificially low prices, resulting in an underpayment of at least $150 million.