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 Smites Pastor of Fake Church Over Ponzi Scheme
By Jeff BermanThe Church for the Healthy Self held no religious services but ran an investment program promising 12% returns.
September 23, 2022
Raymond James Fined $500K Over Rep Who Stole From WWII VetThe firm failed to supervise the rep, who was later sentenced to five years in prison, the SEC said.
September 22, 2022
Ex-CNBC Guest Analyst and Advisor, Thought to Be in Hiding, Is Charged With FraudJames Arthur McDonald Jr. allegedly lost millions of dollars of client funds in risky trading and misappropriated millions more.
September 22, 2022
SEC Set to Let Wall Street Keep Payment-for-Order-Flow DealsThough the news is a win for brokerages like Schwab and Robinhood, the firms may still face tough new regulations.
September 21, 2022
Advisor Charged With Securities Fraud in Insider Trading SchemeAn advisor allegedly traded after a friend discussed a potential acquisition at the company he worked for.
September 21, 2022
How Advisors Can Get Ready for New SEC Marketing RuleHere's what to know about embracing new marketing channels compliantly.
September 20, 2022
Waddell & Reed Ordered to Pay $776K Over Reverse ChurningThe firm allegedly breached its fiduciary duty by keeping clients who traded infrequently in wrap-fee accounts.
September 20, 2022
Morgan Stanley to Pay $35M SEC Fine Over Data SecurityAbout 15 million clients' details were compromised over a five-year period starting in 2015.