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 Slams LPL, Raymond James & 24 Other Firms With $393M in Off-Channel Messaging Fines
By Dinah Wisenberg BrinAmeriprise, Edward Jones and Osaic were also fined for failing to retain messages sent on unauthorized channels, like WhatsApp.
August 12, 2024
BD to Pay $1.2M to Settle Reporting ChargesThe firm didn't adopt adequate anti-money laundering policies or file one suspicious activity report for three years, the regulator says.
August 12, 2024
Raymond James Nears $50M SEC Settlement Over Texting IssuesThe broker-dealer is one of several firms caught up in the SEC's off-channel communications sweep.
August 09, 2024
SEC, Exchanges Should Probe Monday's VIX Surge: SummersDuring the stock selloff Monday, the volatility index surged above 65 — a level associated with outright investor panic.
August 09, 2024
SEC Hits RIA With $430K Marketing Rule FinePacific Financial's hypothetical performance ads were disseminated on its website rather than to an intended audience.
August 09, 2024
Supreme Court Ruling, Criminal Trial Shake Up Insider Trading: SEC RoundupThe attorneys unpack how recent developments could affect enforcement around planned insider sales of company stock.
August 08, 2024
Advisors' Biggest Problem With the SEC's Marketing RuleA new survey finds more than a third of firms are unclear on the meaning of one key term.
August 07, 2024
SEC Probes Morgan Stanley, Wells Fargo Over Cash Sweep AccountsThe disclosures come as several firms face lawsuits saying they raked in profits while paying miserly interest rates.