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Examinations Enforcement: Settlement

UBS lacked any procedure for regularly auditing the system to determine whether it continued to detect violations of the PMP Investment Guidelines
Firms, execs misled on tech, hid founder's national security "threat," Commission claims
B-D kept it clean for 20-plus years, Commission says
The SEC also discovered TIAA training materials that discouraged staff from discussing fees in direct contradiction to the firm’s compliance P&Ps
Other lessons this case presents for you include (a) that inadequate disclosure will makes its way to enforcement if there’s a sweep account available that ...
In September 2019, after being contacted by Commission staff, Cascade began rebating 12b-1 fees to clients going forward. Cascade has also reimbursed to clients all ...
In 2014, an internal compliance report raised concerns that the incentive compensation structure was significantly affecting WMAs’ behavior, causing them to focus on recommending managed ...
As an investment adviser, Kestra PWS was obligated to disclose all material facts to its advisory clients, including any conflicts of interest between itself or ...
To meet this fiduciary obligation, Kestra AS was required to provide its advisory clients with full and fair disclosure that was sufficiently specific so that ...
Hilltop failed reasonably to supervise the municipal securities activities of its registered representative to ensure compliance with MSRB rules and the federal securities laws. As ...
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