Home Examinations Enforcement: Settlement

Examinations Enforcement: Settlement

The failure of a broker-dealer to provide complete and accurate EBS information ... ultimately interfere[s] with the Commission’s ability to protect investors
Boggs misappropriated his clients’ money by selling securities in their advisory accounts and then transferring the proceeds to his personal credit card account
HSBC Securities provided false and misleading disclosures to clients about its IARs’ conflicts because it stated that IARs did not receive compensation based on advisory ...
Naya Ventures neglected to take steps to ensure that an accounting firm was engaged to perform an annual audit as the partnership agreement required
BMA Securities violated the rule on hundreds of occasions by failing to close out allocated fail to deliver positions
Eric Lyons misused and misappropriated approximately $570,000 from the funds
compliance staff failed to create P&Ps to ensure that reps were being monitored when placing clients in inverse ETFs
The revised ADV Brochure made no reference to the agreements or payments and did not explain the resulting conflicts of interest
Wells Fargo was previously sanctioned by FINRA for similar conduct occurring prior to July 2009
The firm's CCO learned of the RAUM figure in the Form ADV after it was filed, and made several requests to identify the basis for ...
Charges faced by former SEC-RIA now state-registered advisory firm
BPU Investment Management agrees to pay $927,000 to settle charges
The CCO was the only person capable of entering a security in the electronic order management system to prevent trading
The portolio manager managed the Fund differently from what was represented to investors and their advisers
Burroughs executed a scheme to defraud his investment clients that resulted in him misappropriating approximately $575,000 from three investors
JP Morgan failed to provide available sales charge waivers in at least 58,000 transactions involving approximately 16,734 accounts
Based on Critical’s net long position, it should have tendered only 5,500 Lockheed shares and received only 3,637 Leidos shares
Based on Bluefin’s net long position, it should have tendered only 4,103,463 Lockheed shares
Kornitzer repeated failed to follow client instructions to reduce high concentrations in securities of a single company
The adviser didn't disclose that some Clients paid a lower commission rate than others
rcw
rcw

Copyright PEI Media

Not for publication, email or dissemination