SEC: Enforcement

Upon deployment of the new version of its AML transaction monitoring system, Wells Fargo Advisors failed to perform sufficient testing to ensure that the system ...

FRIM had a conflict of interest when it recommended money market funds available as Sweep Account options

When examiners find a compliance issue that appears to have been missed by a firm, it naturally makes them wonder what else the firm hadn’t ...

Nobody likes to be jerked around, including SEC enforcement staff

Bond-Nelson lied repeatedly during SEC testimony and refused to return from a restroom break late in the afternoon of the second day.... Tournant advised Taylor ...

Bond-Nelson was an Allianz managing director and portfolio manager for a complex options trading strategy known as Structured Alpha

Taylor was a managing director at Allianz Global Investors U.S., serving served as co-lead PM for a complex options trading strategy sold to approximately 114 ...

“After the COVID-related market drop in March 2020, Defendants engaged in multiple efforts to conceal their misconduct from the SEC. Those efforts, however, did not ...

"That said, too often, we see defense counsel—sometimes even including Enforcement alums—engage in conduct that seems to have little purpose other than to delay our ...

The SEC's Division of Enforcement will nearly double the size of its newly renamed Crypto Assets and Cyber Unit