Examinations Enforcement: Settlement

The founder of an Orange County private fund adviser bungled his firm’s entry into the industry, its custody of client funds, its compliance program, its ...

CEO and chief portfolio manager charged for their roles in artificially NAV and performance results

Although required by LPL’s procedures, the LPL representative never verified that the identification document photograph matched Garcia’s physical appearance before processing the account opening paperwork

Redwood had custody of its clients’ Mortgage Company promissory notes because it had possession of and direct access to them, and it failed to comply ...

The Form ADV brochures failed to disclose information about an unpaid $208,700 judgment against Clark and Soteira in favor of a former client

For each of the more than 1,050 short sales that Tradition mismarked as long sales in both its customers’ accounts and its principal accounts, Tradition ...

Cowen determined that a government money market fund, as opposed to another type of money market fund, was an appropriate cash sweep vehicle for its ...

RBC Capital Markets case is the third flipping enforcement action this quarter

In a new settlement order, the SEC says private fund adviser Soteira Capital and its principals, Derek Charles Clark and Laura Santos overcharged performance fees, ...

Limitation agreed to after firm hit with charging advisory fees to client accounts that were not provided advisory services