SEC’s White: Compliance Pros Acting Lawfully Should Not Fear Enforcement
SEC Chairwoman Mary Jo White aims to reassure CCOs, but an ex-exam chief says "the proof is going to be in the cases they bring."
SEC Charges San Diego Advisor With Cherry-Picking, Soft Dollar Scheme
The SEC charged a firm and its president with steering winning trades to favored clients and misusing soft dollars.
SEC Names Asset Management Enforcement Co-Chiefs, Legislative Director
Julie Riewe, Marshall Sprung to jointly run unit in enforcement division, while Timothy Henseler will direct Office of Legislative and Intergovernmental Affairs.
Former SEC Compliance Chief Tells White: Stop Suing Compliance Officers
John Walsh gave new SEC Chairwoman Mary Jo White some blunt advice: stop suing compliance officers “or the future of the profession may be at risk.”
What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing
What are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.
SEC Targeting 4 Hedge Fund Developments in 2013
Bruce Karpati, head of the SEC’s Asset Management Unit, housed within the agency’s Enforcement Division, told compliance officers that overseeing hedge funds’ compliance will continue to be a priority for the agency next year.
Vow to Fight SEC Charges From Ex-Morgan Keegan Fund Directors
Eight former independent directors, who were charged by the SEC with overstating the value of their securities as the housing market was collapsing in 2007, say they will “vigorously” contest the charges.
SEC, FINRA Enforcement Roundup: Fund Execs First to Face Charges of Overvaluing Assets
Three top executives of KCAP Financial Inc., a New York-based publicly traded fund being regulated as a business development company, have been charged by the SEC with overstating the fund’s assets during the financial crisis.
a complaint against the president and owner of a Polish-born brokerage firm for targeting the Polish...
The Case of the Aspirational AUM: SEC Says RIA Inflated AUM Tenfold
A New York-based firm inflated its AUM to qualify for SEC registration—literally moving decimals on a spreadsheet—while a San Francisco-based firm dithered for 18 months in delivering mutual fund records to the SEC.
SEC, FINRA Enforcement Roundup: Former Billion-Dollar Hedge Fund Advisory Firm, Execs Slapped
Citigroup, Merrill Lynch and Natixis were among those sanctioned by the SEC and FINRA this week.