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.
New York Life Joins MOVEit Breach Notice List
By Allison BellOverall, the breach may have exposed the data of more than 41 million people and 677 organizations worldwide.
August 08, 2023
Wells Fargo to Pay $125M in WhatsApp CrackdownIn total, 11 firms agreed to pay penalties of $289 million to the Securities and Exchange Commission.
August 07, 2023
The SEC's New AI Plan Expands Reg BI — and MoreIndustry attorneys say the plan would impose potentially burdensome conflict-of-interest requirements on BDs and advisors.
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.