Enforcement

Fees, expenses trip up advisers

With or without proposed reforms, private funds are in a for a rough time over fees and expenses

These disclosures that commission rates charged “may” not be the “lowest,” the “absolute lowest,” or even “not the lowest” failed to fully and fairly disclose ...

Cornerstone 'officers acted with at least extreme recklessness,' Commission claims in new suit

The certification shall identify the undertakings, provide written evidence of compliance in the form of a narrative, and be supported by exhibits sufficient to demonstrate ...

Case exposed weaknesses in clubby sub line industry

'Egregious, long-running, and extensive fraud that went undetected for years' was 'very profitable component,' made up 25% of firm's revenues, feds claim.

'The SEC has not brought one enforcement action,' consumer advocate says. 'That’s not because all firms are complying...'

Upon deployment of the new version of its AML transaction monitoring system, Wells Fargo Advisors failed to perform sufficient testing to ensure that the system ...

'Archegos engaged in a brazen scheme to manipulate the market,' SEC claims in civil suit.