Displaying 3266 results
SEC charges Silvergate Capital Corporation, former execs with misleading investors
The firm and two individuals have settled, but CFO will fight to clear his name.
SEC updates annuity disclosure rules for RILAs, MVAs
The amendments aimed at fostering a more tailored approach to disclosure for non-variable annuities sparked concerns for one dissenting commissioner.
SEC boots California RIA linked to crypto, private funds
"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.
Errant ex-advisor who lost clients almost $2M hit with 10-year prohibition
Former advisor reportedly put his clients in unsuitable private placements and misappropriated part of a senior client’s $675K investment, among other breaches.
Supreme Court muddies regulatory authority of SEC and DOL
Federal agencies could be more easily defeated in court over their interpretations of laws passed by Congress.
SEC’s investor advocate warns of previously impossible scale and complexity of fraud
Office of the Investor Advocate delivers FY2025 priorities report to Congress.
Supreme Court dampens SEC’s use of in-house courts
The conservative majority decision nullifying a nearly $1M penalty could hamper the regulator's power to extract high-dollar settlements.
SEC actions hint at looming “AI washing” crackdown
Recent moves against issuing firms and money managers show some parallels to the regulator's early crypto focus.
Morgan Stanley beats ex-Fla. advisors’ claims to deferred compensation
Expect to see more inconsistency around deferred compensation claims, says one attorney.
SEC bars advisor who used senior clients’ cash for secret options trading
The ex-Merrill Lynch, Fifth Third advisor concealed his activities by telling clients to put $683k in a shell company, according to a complaint.
Off-channel communications a struggle for most financial firms, says global report
Annual study unpacks compliance headaches and concerns around WhatsApp, electronic communications, social media, and AI.
SEC bars ex-LPL advisor who aided special needs rep’s trading scheme
'Lie, whatever you have to do, to get those trades placed,' one advisor said to the other, according to the SEC.
SEC says firm, founder lost or spent $3M of investors’ money in fraud
The agency's action is alongside criminal charges by New Jersey’s state attorney.
SEC alleges pre-IPO share sales fraud ‘like a Hollywood movie’
Sales force said to have made $45M, agency warns of similar investment scams.
Mind SEC’s new data breach rules, says Finra
The industry regulator is urging member firms to start taking appropriate measures as changes to Regulation S-P take effect.
SEC sued over broker-dealer texting fines data
'Extraordinarily large' sums prompt American Securities Association's lawsuit, which asks commission to turn over documents showing how those amounts were reached.
House GOP spending bill is a wish list of deregulation
The appropriations bill has numerous riders designed to stop the SEC's climate rule, Consolidated Audit Trail, and other regulations.
SEC’s hedge fund clampdown faces setback in US court
The regulator is weighing its options after a federal appeals court ruled against its proposed fee disclosure rule.
If a prospectus falls in a forest, does it make a sound?
The SEC's overly cautious approach to change leaves them disconnected from the modern investor and the markets they serve.
Bill Hwang looks to add Morgan Stanley probe to Archegos trial defense
Lawyers for the man behind the disgraced family office want to question the SEC on block-trading leaks at the New York-based firm.
