Examinations Enforcement: Settlement

The SEC previously charged Fung's friend and tipper Kevin Dowd, of Boca Raton, Florida, who learned the nonpublic information during his employment at an investment ...

The Arkansas Order further found that Stephens failed to disclose the commission (i.e., mark up or mark down) on certain bonds that Stephens advised the ...

Section 15B(c)(1) of the Exchange Act prohibits a broker, dealer, or municipal securities dealer from using the mails or any means or instrumentality of interstate ...

A new SEC settlement fines an adviser $100,000 for overcharging some 25 clients an average of $250 per quarter due to faulty AUM calculations. What ...

Marco, MIM’s chief executive officer (“CEO”) and chief compliance officer (“CCO”), charged certain of the firm’s clients advisory fees that were calculated in a manner different ...

The Commission’s complaint alleged that from 2006 to 2010, in connection with the sale of an unregistered offering of Empire Corporation (“Empire”) “Senior Subordinated Debenture Bonds” ...

The plug entries resulted in Respondent overstating its assets and income in its fiscal year 2010 financial statements, which were included in its fiscal year ...

Santos shared confidential information pertaining to at least 14 of his customers’ accounts with an outside third party. Using a personal email address instead of ...

The Order alleged that Rowe and Focus Capital engaged in an investment strategy involving leveraged and inverse exchange traded funds (ETFs) that was unsuitable for ...

Fishoff, Chernin and Costantin posed as legitimate portfolio managers in order to induce investment bankers to bring them "over the wall" and share confidential information ...