Commission staff uncovered Cambridge’s misconduct after commencing a risk-based initiative to investigate the use of off-channel and unpreserved communications at broker-dealers. Cambridge has initiated a ...
During the time period that NMIS failed to maintain and preserve off-channel communications that its personnel sent and received related to NMIS’s broker-dealer business, NMIS ...
Oppenheimer’s supervisors, who were responsible for supervising junior employees, routinely communicated off-channel using their personal devices. In fact, senior management, managing directors, and other Oppenheimer ...
The federal securities laws impose recordkeeping requirements on broker-dealers and registered investment advisers to ensure that they responsibly discharge their crucial role in our markets.
These proceedings arise out of the widespread and longstanding failure of USBI employees throughout USBI, including at senior levels, to adhere to certain of these ...
This is the SEC's semiannual regulatory agenda as published in February 2024.
The Firms failed to keep for prescribed periods, and furnish copies of, such business–related records as necessary or appropriate in the public interest or for ...
The CFTC and the SEC finalize their amendments to Form PF. Firms would have one year at least to comply.
In 1992, Bodner pleaded guilty in federal court to misdemeanor fraud in connection with his use of an impersonator to take his Series 7 exam ...
Shaughnessy made material misstatements and omissions to the client about the reasons for the performance discrepancies