SEC Slaps 3 Advisors for Custody Violations
The SEC on Monday sanctioned three SEC-registered advisory firms for violating the custody rule.
SEC Crackdown Nabs 3 Advisors for Shoddy Compliance Programs
Sanctions came a day after SEC chief Mary Jo White said that the agency was going after advisors who ignored repeated warnings.
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."
New Hire Roundup: FPA Welcomes David Brand Back to the Fold
Also this week, Securities America names a director of practice succession and acquisition and a new member for its recruiting team, while an SEC litigator joins WIlmerHale.
SEC Puts Fund Directors in Spotlight
The SEC enforcement division will put a heightened focus on fund boards’ approval of advisor fees, the co-director of the division said Wednesday.
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 Charges SAC Capital’s Cohen
The SEC on Friday charged hedge fund advisor Steven Cohen, founder of SAC Capital Advisors, with failing to prevent two portfolio managers from insider trading.
SEC’s Structured Products Chief to Exit
The SEC announced Tuesday that Kenneth Lench, chief of the Enforcement Division’s Structured and New Products Unit, will leave the agency for the private sector at the end of July.
Head of SEC’s Municipal Securities, Public Pensions Unit Resigns
The SEC announced Friday that Elaine Greenberg is leaving the SEC after 25 years to join the private sector.
SEC Comings and Goings: Canellos, Ceresney Named Co-Heads of Enforcement
SEC Chairwoman Mary Jo White has named her former colleague Andrew Ceresney and acting enforcement director George Canellos co-directors of the enforcement division.