SEC: Self-Directed IRA Custodian Ignored Red Flags in 2 Schemes
The Ohio-based IRA provider is accused of ignoring red flags in one scheme targeting churchgoers and another targeting real estate investors.
SEC Loses Fraud Case Against Robare Group
Judge dismisses fraud charges related to conflicts of interest against the Houston-based firm.
Deutsche Bank Hit With $55M SEC Fine for Misstating Financial Reports
During the financial crisis, “Deutsche Bank’s financial statements did not reflect the significant risk” in large, complex illiquid derivative positions, says SEC's Ceresney.
SEC Charges Atlanta Advisor With Defrauding Police, Firefighter Pension Plans
Firm breached its fiduciary duty by selling unsuitable investments to pension funds for the city’s police, firefighters and transit workers, the SEC says.
SEC Announces Compliance Outreach Seminars
The seminars will cover hot-button issues like cybersecurity, retirement planning and dual registrants.
SEC Awards Whistleblower in Paradigm Capital Case
Paradigm 'engaged in a series of retaliatory actions against the whistleblower,' the SEC said.
SEC Gives Compliance Officer $1M Whistleblower Award
The whistleblower is set to receive between $1.4 million and $1.6 million for reporting "imminent misconduct."
SEC Fines BlackRock Over Energy Fund Manager Who Owned Oil Company
BlackRock Advisors will pay $12 million for not disclosing that a top manager's portfolio was heavily invested in a venture he had a stake in.
SEC to RIAs: Beware the Ides of ‘May’
Recent SEC enforcement actions should prompt advisors to review their Form ADV for a potentially dangerous word—“may”—relating to compensation and conflicts of interest.
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”