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Examinations Enforcement: SEC Actions

The five settled cases are tied to unsuitable sales of volatility-linked exchange-traded products
Of the 16 registered private funds that faced discipline this year, only one disclosed a pending SEC enforcement matter in advance.
CSM to pay $260K for breaching fiduciary duty, not adequately disclosing conflicts, and failing to seek best execution
RCW shares an example of an SEC enforcement subpoena
The Commission brought 715 enforcement actions and returned more than $600 million to harmed investors
The Commission brought 405 "standalone" cases in fiscal year 2020
Goulding commingled in the same bank accounts moneys belonging to himself, Nutmeg, and the Funds
Rashid claimed as legitimate business expenses a New Year’s trip to Brazil, a friend’s bachelor party and wedding, a flight to the Super Bowl, and ...
The settlement closes one chapter, but the saga continues.
OCIE examined 15% of SEC-registered IAs in fiscal year 2020

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