SEC Creates New Office of Risk Assessment
SEC created new Office of Risk Assessment to help provide data-driven risk assessment tools and models to support a wide range of SEC activities.
SEC Cracking Down on Wrap Fees; Wins Court Case
The SEC wins a long-running court case on wrap fees, while OCIE letter to RIAs signals the arrangements will be scrutinized in exams.
SEC Busts 2 for Bilking Terminally Ill, Blind Seniors
The SEC fined one broker for his role in an annuity scam involving the terminally ill and another for stealing from blind and elderly clients.
FBI Sting Busts Group of 5 for Microcap Fraud
The SEC and FBI warn that more undercover operations aimed at market manipulation and insider trading could be underway.
SEC Enforcement: Missouri Firm Slapped for Fiduciary Duty Breach
Also, the SEC charged five traders with short selling and a school district with misleading bond investors.
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.
SEC Charges San Diego Firm, Execs in Kickback Scheme
SEC charged a San Diego-based investment advisory firm, two executives and another employee for misleading investors and breaching their fiduciary duties.
SEC to Muni Violators: Self-Report, or Face Tougher Sanctions
The SEC on Monday encouraged issuers and underwriters of municipal securities to self-report violations under a new continuing disclosure initiative.
SEC Names Osnato to Head Complex Products Unit
The unit, formerly known as the Structured and New Products Unit, was created along with four other specialized enforcement units in 2010.
SEC Levied Record $3.4B in Fines in 2013
But brokers and advisors were hit with fewer enforcement actions this year, the SEC says.