BD Rules & Regulatory Actions

The Commission’s complaint alleged that, from at least March 2011 to December 2013, PAA, through its owner Allen, sold AGF II securities in a private ...
The Securities and Exchange Commission (“Commission” or “SEC”) is proposing to amend Regulation NMS under the Securities Exchange Act of 1934 (“Exchange Act”) to rescind ...
The count of the criminal indictment to which Jung pled guilty alleged, inter alia, that from October 2015 to October 2016, in violation of the ...
GFI publicly represented itself as an interdealer broker (“IDB”) that generally maintained the anonymity of customer identities when brokering securities trades and communicating with potential ...
stock share trading traders
We are adopting a new communications rule under the Securities Act of 1933 that permits issuers to engage in oral or written communications with certain ...
Agarwal took short positions in U.S. Treasury Bonds (“USTs”) that exceeded his trading mandate, resulting in large losses. At the same time, Agarwal mismarked certain ...
The count of the superseding criminal information to which Sledziejowski pleaded guilty alleges that the SEC had commenced an investigation into sales of certain securities ...
Although TMC’s safeguards and procedures provided generally that subscribers’ identities would remain anonymous when trading on the ATS, TMC failed to establish adequate procedures designed ...
SEC Charges Previously-Barred Broker and His Firm with Offering Fraud Litigation Release No. 24608 / September 23, 2019 U.S. Securities and Exchange Commission v. Christopher ...
The Commission’s complaint alleged that Respondent received material, nonpublic information from Defendant A, one of his brokerage clients, about three confidential potential acquisitions of publicly-traded ...
In accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”), the Securities and Exchange Commission (“Commission”), pursuant to the Securities Exchange ...
Haller pled guilty in the Ontario Court of Justice to one count of defrauding a brokerage firm at which he was an accountholder of more ...
Both the missing transactions and inaccurate data reported were caused primarily by Stifel’s utilization of “trade compression,” a process by which data relating to multiple ...
BMO CMC’s submissions contained inaccurate EBS fields related to information about the securities transactions reported, such as average price account data, solicited codes, contra-party identifiers, ...
Vandham’s AML Policies expressly specified certain “red flags” indicative of potential money laundering or other criminal or unlawful activity. An employee encountering suspicious activity or ...
Court Denies Brokers' Attempt to Dismiss Commission-Splitting Claims Litigation Release No. 24591 / Sept. 13, 2019 Securities and Exchange Commission v. Adam Mattessich and Joseph ...
Strochak solicited investors in-person and through telephone and email communications, advised investors on the merits of the investments, and sold them Castleberry securities in private-placement ...
These proceedings arise out of a fraudulent scheme carried out by Muldoon, a former Wells Fargo Clearing Services, LLC (“Wells Fargo”) trader, to evade the ...
The Commission’s complaint alleged that, in connection with the sale of Agape and AMA securities, Massaro repeatedly sold investments offered by Agape that promised investors ...
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