SEC Announces 3 Senior-Level Appointments
SEC announced this week a new administrative law judge and two other personnel moves.
SEC Enforcement Roundup: Broker Charged With Stealing to Pay for Mortgage, Groceries
Among recent SEC enforcement actions were charges that a broker stole client funds and used them to pay for his own personal expenses, including groceries and a mortgage.
SEC Charges 3 Brokers for Churning, Costing Clients $2.7 Million
The SEC said Monday that it has charged three former brokers at an Atlanta-based brokerage firm, JP Turner & Co., for “churning” the accounts of customers with conservative investment objectives, causing the customers to lose $2.7 million.
Do’s and Don’ts of Advisory Contracts
In preparation for a compliance exam, securities regulators typically will ask to see copies of an RIAs advisory agreements. An RIA must be able to produce requested contracts and the contracts must comply with applicable SEC or state rules.
New Hire Roundup: Fidelity Names Presidents, SIFMA Gains President and Board Members
This week in new hires, Fidelity Asset Management announced two new presidents in its fixed income division and SIFMA announced its new president and board members.