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Enforcement

Jay Clayton
We require our registrants to disclose both the good and the bad news and, in that vein, it is appropriate for me to note that ...
Some cases needed to be re-tried by entirely new trial teams who were pulled from active investigations and litigations. As you might imagine, this required ...
The SEC has filed a cherry-picking suit against a New Jersey investment adviser and its president—less than a decade after the firm’s parent company was ...
A former SEC examiner, once facing decades behind bars on accusations that he leaked secrets of ongoing investigations to sweeten his job prospects, has agreed ...
A compliance program that looks adequate to enforcement staff can result in lower civil money penalties after an enforcement action
In one case, a CTA has operated for 20 years without allegedly joining the NFA
Federal officials have opened a criminal investigation into the founder of a Florida private fund adviser accused of bilking ailing former football stars out of ...
A Coral Gables, Fla. private fund adviser and his firm bilked accredited investors out of millions by misrepresenting the funds’ past performance, their firms’ AUM ...
A Miami private fund adviser incorrectly billed real estate funds it advised $3 million in expense reimbursement, costs that should’ve been billed to its co-investment ...
A private fund manager says he’s confident that he’ll be cleared of French insider trading charges—charges that have already pried him away from the broker-dealer ...
A Massachusetts broker-dealer and its top salesman will each pay $50,000 to settle SEC claims that they misled investors on their ability to execute sophisticated, ...
The SEC’s recent private funds risk alert points to structural problems in the industry—problems that the Commission itself is in a unique position to help ...
New Jersey regulators will examine investment advisers on how well they’re protecting elder clients from fraud, state Attorney General Gurbir Grewal says. The Garden State’s ...
In an 8-1 decision, the Supreme Court on June 22 held that, in an SEC enforcement action, a disgorgement that does not exceed a wrongdoer’s ...
To all outward appearances, Richard Diver stood as a pillar of rectitude. The co-founder of Manhattan-based M&R Capital Management ($487M in AUM), Diver, 63, ran ...
The SRO issued $39.5M in fines to B-Ds last year
The attorney for a former compliance officer at an upstate New York broker-dealer is claiming vindication for his client after state regulators in Massachusetts filed ...
Officially, the SEC is suing a South Florida digital investment adviser for failure to maintain and hand over its books and records—including those behind a ...
In March, OCIE Director Pete Driscoll promised private fund advisers that the SEC would this year issue a risk alert directed at them. “That’s something ...
GPB Capital ...carefully constructed the narrative that unlike a traditional risky private placement, where an investor places chips on a roulette table hoping for a ...
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