Best Execution

IA Watch has obtained several recent SEC document request letters (see related story). They vary. Most are for never-been-examined firms and included on-site visits. One ...

The advent of high-frequency trading and the use of so-called dark pools has shifted the training dynamic. Now, the shrewd compliance officer gets trained on ...

The good news: the SEC found the firm’s compliance manual contained policies and procedures “reasonably designed to prevent several violations of the Advisers Act.” The ...

These parties faced an enforcement action for alleged violations of the principal trading rule, poor Form ADV disclosures and a failure to seek best execution ...

The cost of best execution failures is ratcheting up substantially—at least for Citigroup Global Markets. The broker-dealer was fined a mere $28,500 in October 2010 ...

Your obligation to seek best execution leaves it up to you to decide how to achieve it. There are suggested best practices (IA Watch, Aug. ...

FINRA is concerned that some of its registered reps may be executing customer orders in ways that benefit the reps rather than the customers. The ...

This matter concerns breaches of fiduciary duty and best execution to certain advisory clients of a dually registered investment adviser and broker-dealer.

This proceeding arises from a fraudulent scheme to secretly pay trading commissions to Dennis Malouf, the former chief executive officer and majority owner of UASNM, Inc. ...

This proceeding arises from misconduct with respect to client bond trading by UASNM, Inc. (“UASNM”), a registered investment adviser, and its former chief executive officer and ...