Principal Trades

(a) A bank is exempt from the definition of the term “dealer” to the extent that it engages in or effects riskless principal transactions if ...

This adviser is charged with engaging in principal transactions without obtaining client consent and violations of the custody rule.

Like a congressional election, the SEC’s extension of temporary Investment Advisers Act rule 206(3)-3T – which permits dually-registered firms to comply with requirements when acting ...

The SEC extends temporary Investment Adviser rule 206(3)-3T (principal trade) through 2016.

The fallout from the 2008 collapse of Lehman Brothers continues. This time the cost is $15 million—the penalty Barclays Capital ($12.9B in AUM) will pay ...

The good news: the SEC found the firm’s compliance manual contained policies and procedures “reasonably designed to prevent several violations of the Advisers Act.” The ...

These parties faced an enforcement action for alleged violations of the principal trading rule, poor Form ADV disclosures and a failure to seek best execution ...

There’s something quite enjoyable about an extended sunset. In this case, the sunset comes in the form of another proposed two-year extension of the temporary ...

This adviser was charged with a slew of Advisers Act violations, including of the custody rule, valuation and the principal trading rule.

Enforcement cases born from the financial crisis continue to wrap up. Last week the SEC hit hard Shadron Stastney for personally benefiting from the sale ...