SEC: Enforcement

The case offers lessons for brokerage firms involved with complex financial instruments

The firm's compliance officials also erred in not recommending that the adviser also become a registered B-D

Owner suspended six months for ignoring red flags in hiring a rep who turned out to be a fraudster. The rep will likely spend the ...

The SEC’s settlement suggests one compliance action you could consider

Thrivent promptly identified and reported the violations during an SEC examination and paid $22k to 846 retail customers as a result

G.A. Repple did not adequately disclose all material facts regarding its share class selection practices and the conflicts of interest that arose when it recommended ...

There were no P&Ps for Marathon employees to conduct due diligence concerning advisers’ evaluation or handling of any potential MNPI or for obtaining a representation ...

Cetera did not require the reps to place aggregated orders through internal systems, which would have prevented the post-trade allocations from being made

It can amount to easy pickings for the SEC when an adviser has an obligation to file information with the Commission but neglects to fulfill ...

Williams, the firm’s CEO/CCO, 'failed to provide the Commission with evidence to corroborate' the Form ADV filing claiming trillions in AUM