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.
SEC Charges Firm, CEO With Bilking Hundreds of Clients
By Dinah Wisenberg BrinThe firm promised guaranteed investment returns and 100% capital protection, the agency says.
August 20, 2024
Risks Are Piling Up for Firms' Cash Sweep Programs: ReportThe uptick in litigation and regulatory activities could entail higher costs, which might hurt advisor recruiting deals, an expert says.
August 19, 2024
Icahn Reaches $2M SEC Settlement After Margin Loans ProbeThe investigation started after a report by short-seller Hindenburg Research sent shares in Icahn's investment firm tanking.
August 16, 2024
American Portfolios Agrees to $225K FINRA FineThe firm failed to flag a client's deposit and liquidation of 330,000 shares on one day, for instance.
August 15, 2024
SEC Accuses Ex-Advisor of $300M Ponzi SchemeRussell Todd Burkhalter bought a luxury lifestyle with funds from over 2,000 investors, the agency alleges.
August 14, 2024
SEC Slams LPL, Raymond James & 24 Other Firms With $393M in Off-Channel Messaging FinesAmeriprise, Edward Jones and Osaic were also fined for failing to retain messages sent on unauthorized channels, like WhatsApp.
August 14, 2024
Advisor Accused of Stealing Millions From Widowed Aunt, Former ExecScott Mason and his firm may have misappropriated money from several other investors, the widow's lawyer says.
August 13, 2024
Cadaret Grant to Pay $6M Over Mutual Fund Revenue-Sharing ConflictsThe firm must evaluate whether clients should be moved to an available lower-cost share class or fund.