Ex-LPL Broker to Pay $1.9M in Fraud Case
At least seven Georgia investors were affected by Blake Richards' schemes, the SEC says.
SEC Is Getting Into the Weeds
I’m on another flight as I type this, on my way to prepare another firm for its visit from the grim reaper (aka, the SEC).
DC Update on SEC User Fees, an SRO and Third-Party Exams
It will be difficult to enact any legislation in this Congress, but I predict that the RIA user fee bill will gain co-sponsors, including Republicans.
SEC OKs FINRA Rule on Expungement of Broker Black Marks
The rule “helps to reduce FINRA’s lack of transparency about a broker’s complaint history,” said investor lawyer Jason Doss.
SEC Wants Pre-Trade Prices Made Public
SEC Chairwoman Mary Jo White is asking for public pre-trade prices to be distributed and for dealers to be more transparent.
SEC Should Shift Existing Funding to Boost Advisor Exams, IAA Says
The advisor advocacy group is “concerned about the potential disadvantages" of third-party exams compared to SEC examinations, says President David Tittsworth.
Cybersecurity Crackdown: Where SEC, FINRA Will Strike
No matter the size of your firm, if your client data isn’t safe, you’re not safe from the SEC and FINRA.
Don’t Get Smoked by Marijuana-Related Investments, SEC Warns
The SEC halts trading of yet another purported pot-related firm and warns investors that newly liberalized marijuana laws beckon fraudsters.
Private Fund Advisors Often Cited for Violations Over Fees, Expenses: SEC
Private equity firms are cited for deficiencies involving fees and expenses more than half the time the SEC looks at that area, OCIE’s Bowden says.
RIAs: When and Why to Make Form ADV Updates
The triggers for other-than-annual amendments to your Form ADVs are many and varied. Best to follow Confucius' advice on the subject.