Enforcement

Sandy Katz is considered an “all-star” rep. So when a manager questioned why he wasn’t putting clients into cheaper mutual fund share classes, he “escalated” ...

Using your Form ADV brochure to alert wrap fee program clients that they may face higher trading costs if their adviser uses a broker other ...

Despite several revisions of the SEC’s interpretation of the custody rule, the agency hasn’t budged on one tenet: having the ability to access a customer’s ...

Historically, Stifel did not track or monitor which sub-advisers were trading away from Stifel, how often those sub-advisers were trading away, or the specific costs ...

The adviser followed the rules and disclosed a conflict and compensation on Form ADV that it received from a clearing broker. However, the adviser failed ...

FINRA’s exam priorities letter could not be clearer: “Protecting senior investors will remain a top priority in 2017.”  But a series of recent enforcement cases ...

Should you rely on a vendor to keep required records, don’t assume the documents will be there when you need them.   That’s one lesson ...

Stefan Lumiere will learn his fate in May – when he will be sentenced for securities fraud that could keep him behind bars for decades. ...

It appears that owner and CCO Mark Robare has granted his attorney permission to appeal November’s SEC decision by the three commissioners. That decision found ...

Despite cybersecurity threats, automation often beats a human using a manual method.   J.P. Morgan Securities relied on one employee using a largely manual process ...