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Examinations Enforcement: SEC Actions

Lapse in forming an Investor Advisory Committee an issue
The three allegedly altered and withheld documents after OCIE examiners commenced an exam in 2016
Sideletter
SEC enforcement should focus on finding individuals responsible for wrongdoing, Democratic Commissioner Allison Herren Lee told a crowd of compliance professionals at the Investment Adviser ...
Private funds will be the subject of their own separate risk alert later this year, OCIE Director Pete Driscoll says. “That’s something we’ve been getting ...
Hafen defrauded his clients, convincing them he could put them in investments that would produce 6% annual returns but instead used their money for his ...
The SEC alleges Motty Mizrahi told investors his trading strategy was risk-free, clients would not lose money and they could withdraw their money at any ...
The client “hit rock bottom” after being told of Boggs’ alleged fraud
Boggs made more than 200 illegal transfers from three investment advisory clients’ accounts to pay for his credit card purchases
The SEC has settled 15 ADR pre-release cases
Jay Costa Kelter was sentenced to a prison term of 29 months
Barton Stuck is currently free on bond and is awaiting sentencing
Settlements with the SEC and CFTC aggregated more than $20 million
Matthes stole $2.4 million from 26 of his customers and clients
The dual registrant will pay a $1.5 million penalty
OCIE considers "dozens" of potential risk factors when identifying exam targets
OCIE's 2020 exam priorities include "perennial risk areas" along with some new additions
The defendants’ conduct involved fraud, deceit, or deliberate or reckless disregard of regulatory requirements
The SEC claims this case is about lying, forgery, and other deceptive conduct by Alan Seidel and Benjamin Mekawy
I cannot ignore the thousands Rossi spent gambling.
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