SEC Censures, Fines St. Louis Advisor Firm for Lax Cybersecurity Policies
A firm that "failed entirely" to protect thousands of clients' data from a cyberattack will pay a $75,000 fine.
SEC Warns of Advisors Duping Investors With Fake Credentials
The SEC warned investors Wednesday to perform thorough background checks and brought two actions against advisors for falsifying credentials.
SEC, FINRA Issue Robo-Advisor Warning
The regulators tell investors to consider automated tools’ limitations before using them.
SEC, FINRA: 5 Tips to Avoid Penny Stock Scams
SEC, FINRA highlight ways investors can avoid dormant shell company scams.
4 Ways to Spot Social Media Investing Scams: SEC
SEC warns in a recent investor alert that social media can be a hotbed for stock schemes.
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.
NASAA’s Fleming Named SEC’s First Investor Advocate
Rick Fleming, a lawyer, becomes the first person to lead the Office of the Investor Advocate, which was created under Dodd-Frank.
After Bitcoin Ponzi Scheme Charge, SEC Warns of Virtual Currency Scams
Following charges it leveled against Trendon Shavers for Bitcoin Ponzi scheme, SEC warns investors about fraudulent investment schemes involving virtual currencies.
SEC, FINRA Warn of Email ‘Pump-and-Dump’ Stock Schemes
Latest McAfee Threats Report confirms “a steep rise” in spam email linked to “pump-and-dump” stock schemes designed to trick unsuspecting investors.
SEC: Oil and Gas Private Securities Fraud on the Rise
The SEC is warning investors that working with an advisor doesn’t guarantee they won’t be scammed in private oil and gas offerings.