SEC Fines First Eagle, Affiliate $40 Million for Improperly Charging Shareholders
The firms used shareholder money instead of 12b-1 fees to pay for fund distribution, the SEC said. Similar enforcement actions could be in the offing.
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: Peluso Named President of First Clearing; Dyke Moves Up at American College
This week in new hires, Wells Fargo Advisors named John Peluso the new president of First Clearing and The American College named Barry James Dyke to the advisory board of the New Northwestern Mutual Granum Center for Financial Security.
The Five Top FINRA Enforcement Actions in 2010
An analysis by the securities law firm Sutherland Asbill & Brennan, including Sutherland's Brian Rubin, says FINRA is taking a more ‘aggressive enforcement’ stance.
FINRA Slows Fines and Enforcement Actions
B/Ds and reps saw fewer fines and enforcement actions in 2008
FINRA sanctioned far less in 2008, law firm reports
It was a "slow year" for FINRA in 2008, according to one law firm's assessment. Sutherland Asbill & Brennan LLP released analysis Wednesday revealing FINRA -...