State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Ex-Edward Jones Rep Indicted for Allegedly Defrauding Clients Out of $778K
By Jeff BermanRonald Molo used some funds to pay for vehicles, credit card balances and home mortgages, prosecutors say.
November 22, 2021
Bogus Broker Who Threatened to Kill Disabled Client Gets 5-Plus Years Behind BarsGregg Brie admitted to embezzling funds from three victims, two of whom lived in his New York apartment complex.
November 18, 2021
Robinhood Sued Over Data BreachThe 7 million affected customers face a lifetime risk of identity theft due to the firm's failure to safeguard data, the suit maintains.
November 17, 2021
Bogus Broker Pleads Guilty to Securities Fraud, Faces Up to 25 Years in PrisonThe scammer posed as a broker and obtained over $2.7 million from at least 19 investors, prosecutors say.
November 11, 2021
Schwab Asks Court to Dismiss Class-Action Suit Over Cash SweepsThe firm says the case should be dismissed "for lack of jurisdiction" and a "failure to state a claim on the merits."
November 05, 2021
Reg BI Report Zooms in on BDs' Lack of ComplianceA NASAA report finds 65% of firms aren't discussing lower-cost or lower-risk products with clients when recommending these product types.
November 05, 2021
Ex-CEO Sentenced to 13 Years in Prison for Defrauding InvestorsDavid P. Godwin, who formerly led the telecom firm ContinuityX, also much pay restitution of $9.3 million.
November 04, 2021
Ex-Wells Fargo Broker Barred by FINRA Over Ponzi SchemeThe former broker and Wells Fargo were among those named in a complaint last year by disgruntled investor.