In December 2014, the city of Harvey, IL, settled claims made by the U.S. Securities and Exchange Commission (“SEC”) that Harvey misled investors regarding a municipal bond.
Citadel Securities agreed to pay a $700,000 fine as well as an unspecified amount of restitution to settle alleged violations with FINRA Enforcement. According to FINRA Enforcement, Citadel traded ahead of certain inactive over-the-counter customer (“OTC”) orders, failed to consistently apply its written methodology to certain OTC customer orders, failed to display certain OTC customer limit orders and also had related supervisory failures.
The U.S. Securities and Exchange Commission ("SEC") continued to focus on enforcement and misconduct that puts investors at risk in fiscal year 2019.
According to a study conducted by the New York University Pollack Center for Law & Business and Cornerstone Research, there has been an uptick in enforcement actions taken by the SEC against public companies and subsidiaries in the second half of this year.
FINRA has created a new centralized enforcement office which will merge the office which handles disciplinary actions with another office that covers a broad swath of regulatory oversight cases.
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WealthFeed leverages proprietary AI technology to collect nine real-time financial data points, including business sales, capital raises, inheritances, and job changes.
The Securities and Exchange Commission (SEC) is ramping up its enforcement efforts targeting off-channel communications, particularly text messages, among investment advisory firms.
B. Riley Financial Inc. has encountered a setback in filing its audited results within an extended timeframe, adding to existing pressure amid concerns raised by short sellers regarding its association with a former business partner.
