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.
Wall Street's New WhatsApp Fines Take Tab Past $2.5B
By Austin WeinsteinThe penalties are tied Wells Fargo and other banks' use of unofficial communication tools to conduct business.
August 07, 2023
Beware, the SEC Is Coming for You!The current administration seems to believe advisors get paid too much for doing too little; the industry must push back.
August 01, 2023
Ex-Cetera Advisor Charged With Defrauding Older Client Out of $2.4MThe SEC also alleges the advisor liquidated the client's holdings and transferred the proceeds to her own accounts.
August 01, 2023
ETF Managers Group, Founder Hit With $4.4M SEC PenaltySamuel Masucci and his firms entered into "a prohibited joint transaction" to obtain $20 million in rescue financing to avoid a possible bankruptcy.
July 31, 2023
BDs' Anti-Money Laundering Policies Fall Short: SECSome broker-dealers "did not appear to devote sufficient resources, including staffing, to AML compliance," the regulator said.
July 27, 2023
$35M Ponzi Scheme Targeted Church Members: SECBrent Seaman and his marketing materials touted some "25 years of running successful businesses and 'an assignment from a higher power,'" the SEC complaint states.
July 26, 2023
SEC Floats New Rules on Digital Nudges, RobosBroker-dealers and advisors could be required to address conflicts of interest associated with AI and predictive data analytics.
July 24, 2023
Advisor Fights SEC in Annuity Switching CaseJeffrey Cutter didn't violate the Advisers Act because he was acting as an insurance agent, his lawyers argue.