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Examinations Enforcement: SEC Actions

Hopkins began approaching his brokerage customers about a new investment opportunity at the local credit union involving the opening of a new branch office. This ...
SEC characterizes actions as a $60M 'Ponzi-like scheme'
UBS circumvented the priority given to retail investors in certain muni bond offerings
Beginning in or about 2007,1 Hu and others at IIG engaged in a practice of hiding losses in the TOF portfolio by overvaluing troubled loans ...
Issue tied to breaches of limitations on an IC's ownership interests in another
The B-D violated the provision prohibiting lending shares to settle sale orders marked "long"
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 SEC has filed a lawsuit against a long-time broker-dealer, alleging that he pilfered nearly $1 million from elder clients—one of them a World War ...
A lesson for advisers is that you have a fiduciary duty to your clients and this means spotting red flags and conducting due diligence on ...
This case was tied to the F-Squared enforcement action
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 ...
The court found that the defendants knew there were misleading statements in their marketing materials and that there had been inadequate due diligence, yet they ...
This marks the second time E*Hedge and Parks have failed to respond to Commission examination attempts
Failures resulted in $1M penalty for Ares Management
TSP Capital will pay a $60K penalty under settlement agreement
A Florida private fund adviser hid losses on bad loans and booked fees it hadn’t yet received to over-inflate its funds’ net asset values by ...
Like a criminal case, a subject of an SEC deposition can take the Fifth Amendment
The dual registrant will now pay a $5 million penalty
Defendants also violated their fiduciary duty by failing adequately to disclose to their clients the conflict of interest inherent in these transactions
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