Principal Trades

The staff of the U.S. Securities and Exchange Commission’s Risk and Examinations Office of the Division of Investment Management is reviewing how firms that are ...

CGMI’s trade surveillance failed to detect these principal transactions for more than two years because it relied on an exception report that was not reasonably ...

When the SEC releases three enforcement cases on the same day – tied to the same issue – you know a message is being sent. ...

Parallax, an investment adviser registered with the Commission from March 2010 to November 2012, willfully violated the principal transaction prohibitions and the custody and compliance rules ...

TSA engaged in thousands of securities transactions with advisory clients on a principal basis through an affiliated broker-dealer, without providing prior written disclosure to, or ...

Between late 2010 and 2011, Respondents caused the Funds to purchase three notes, with a total principal value of $7 million, from VERO Asset Management, ...

A clear violation occurs if an adviser were to engage in a principal trade without obtaining the consent of the client. Advisers Act section 206 ...

The SEC’s first-ever anti-retaliation whistleblower case has now yielded a “maximum” award payment of $600,000 for the head trader at a hedge fund adviser that ...

With the month’s end in sight, the clear majority of advisers are putting the final touches on their amended Form ADV. One of those final ...

This one had a little bit of everything—your standard diversion of investor money sprinkled with custody and principal transaction violations. The SEC recently charged VERO ...