Businessman Stole Investor Funds for Packers Tickets, SEC Says: Enforcement
Also, FINRA censures and fines Goldman Sachs, State Street and UBS.
SEC Chief Clayton Reveals Cyber Breach in EDGAR System
In a sweeping statement, agency says it learned in August that the 2016 breach "resulted in access to nonpublic information."
Botox Doctor Charged in Insider Trading Case: Enforcement
Meanwhile, petrochemical giant Braskem agrees to pay investors $10 million for its role in the Petrobras scandal.
Rep. Wagner to Introduce Bill Repealing DOL Fiduciary Rule by Sept. 30
The move comes as SEC Chairman Clayton is set to testify before the House Financial Services Committee in early October.
State Street to Pay $35M Over Secret Markups, Disclosure Failures: Enforcement
In another action, the SEC charged an investment advisor with stealing more than $1 million to go gambling and pay other expenses.
Merrill Exec Gets ‘Cease and Desist’ in Biggest Customer Protection Case Ever
The SEC found the executive negligent; Merrill was fined $415 million over leveraged conversion trades involving investors’ cash.
Columbia Law Professor Picked to Fill SEC Commissioner Seat
White House also nominated an assistant secretary of Labor for Congressional and Intergovernmental Affairs.
Former ‘Myth Busting’ Radio Host Charged With Fraud: Enforcement
The SEC also charged a former financial advisor with defrauding investors and spending their money on herself.
SEC Says Broker Stole From Clients to Pay Mortgage, Credit Cards: Enforcement
Meanwhile, a hedge fund manager agreed to pay $4.6 million for failing to enforce policies that prevent insider trading.
Hedge Fund Fined for Taking Investor Money to Support Other Funds: Enforcement
And FINRA fined Wells Fargo Securities $3.25 million for failing to report all of its reportable conventional options positions.