Guggenheim Unit to Pay SEC $20M Over Compliance Failures
The group failed to disclose an executive’s $50 million loan from a client; staff took “dozens of trips” on clients’ planes.
SEC, FINRA Enforcement: Ponzi Schemer Caught Diverting Victims’ Settlement Money
In other actions, FINRA censured and fined a Dayton, Ohio-based firm and its principal on compliance failures.
New Hire Roundup: OppenheimerFunds Makes 3 Senior Hires
The PCAOB announced its new chief hearing officer, and Capstone Financial Group has hired Steve Lee to spearhead advisor recruitment and coaching.
SEC Charges Three Advisors With Compliance Violations
The SEC on Monday charged three investment advisors for failing to put in place compliance procedures designed to prevent securities law violations.
Citigroup to Pay $285 Million to Settle SEC Charges on CDO Deal
The SEC charged Citigroup’s principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.