SEC
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations (such as Regulation Best Interest), enforcement actions and related activities.
Merrill Hit With $8.9M SEC Fine Over Conflicts of Interest
By Melanie WaddellMerrill failed to disclose "its own business interests in deciding whether certain products should remain available to investment advisory clients," said SEC's Berger.
August 16, 2018
Galvin Charges BD With Making Short-Term Trades to Boost Commissions: EnforcementAlso, a pyramid scheme promoter targeting Latinos agreed to pay more than $1 million to the SEC.
August 16, 2018
Citigroup's Rogue Traders Fuel $10.5M SEC PenaltySEC's Berger said, "Citigroup fell short of its obligations ... to guard against fraud."
August 15, 2018
SEC Hits Ameriprise Over Theft by RepsAccording to the SEC, five Ameriprise reps stole more than $1 million in retail client funds.
August 14, 2018
SEC Charges 18 People in Bond Flipping, Kickback SchemeThe SEC alleges that "the flippers prevented true retail investors from receiving priority in municipal bond offerings."
August 14, 2018
SEC Charges Perpetrator of ICO Offering With FraudThe agency also issued a Investor Alert to encourage investors to check the background of anyone selling them an investment.
August 14, 2018
SEC Reg BI Must Include Rollovers: MorningstarThe final Reg BI "should specifically identify broker/dealers' responsibilities when recommending a rollover," said Morningstar policy director Szapiro.
August 09, 2018
SEC Charges Ex-UBS Broker With Bilking 15 Clients: EnforcementThe broker knew much of the money was earmarked for clients' retirement and college expenses, the SEC said.