Enforcement

The Compliance Officer recommended to Horter that the rep be fired for effectively failing Horter Investment’s due diligence process. Horter rejected the Compliance Officer’s advice

Without adequate policies, procedures, training, and supervision in place at Frontier, certain IARs failed to reasonably assess whether the Feeder Fund was suitable for each ...

The Commission’s complaint alleged that Bressman did not disclose to customers that he allocated stock trades in a way that favored himself and his family ...

Safeguards Rule P&Ps, implementation trip up eight firms

Cantella’s revenue sharing was based on the amount of Cantella’s client assets in the Sweep Accounts. Cantella had a conflict of interest when it recommended ...

KMS lacked its own Incident Response Policy and used an Incident Response Policy tailored to a different Ladenburg subsidiary, which required completion of a particular ...

Cambridge did not require any other enhanced security measure to prevent similar compromises in the future, such as implementation of multi-factor authentication

The email account takeovers resulted in the exposure of Cetera Entities’ customers’ PII stored in the compromised email accounts. None of the compromised email accounts ...

Scam began as side-hustle, SEC claims

Investors would normally revel in investment earnings that could produce capital gains but the SEC notes in a new enforcement action that their adviser erred ...