Examinations Enforcement: Settlement

Last Monday, the SEC’s New York Regional Director called cybersecurity “the issue of our time.” The next day, the agency announced its first cybersecurity enforcement ...

Through various means, Fretz and Freeman funneled in excess of $1.1 million into a failing broker-dealer they operated and controlled, known as the Keystone Equities Group, ...

R.T. Jones stored sensitive personally identifiable information of clients and other persons on its third party-hosted web server without adopting written policies and procedures regarding ...

These proceedings arise from the improper use of approximately $25 million in mutual fund assets to pay for the distribution and marketing of fund shares ...

Jones admitted that, between 2005 and 2012, he misappropriated approximately $1million from five client investment accounts he managed at CDJCM by, inter alia, (a) transferring ...

The Commission’s amended complaint alleged that McGee engaged in unlawful insider trading by purchasing the common stock of PHLY in advance of the company’s July ...

Hall played a significant role in bringing the violations to the attention of regulators. Penson failed to disclose the non-compliant procedures over the course of ...

the Securities Lending Department initially attempted to comply with Rule 204 for long sales of loaned securities by (1) continuing to use its existing systems ...

Rubin, the president of Pro Sports Financial, Inc., failed to disclose to his clients the personal expenses he was reimbursed out of the proceeds of ...

In the absence of performing the planned third party confirmations, Respondents did not perform alternative or additional procedures to test the existence of SSVF’s purported investment ...