The Securities and Exchange Commission ("SEC") has filed an emergency action and obtained a temporary restraining order and asset freeze against two Florida men and the two companies they control in connection with an alleged $6 million Ponzi scheme that has defrauded at least 55 investors, many of whom are senior citizens.
The U.S. Securities and Exchange Commission ("SEC") continued to focus on enforcement and misconduct that puts investors at risk in fiscal year 2019.
A vote by the Securities and Exchange Commission (“SEC”) to amend whistleblower rules, scheduled for Wednesday, October 23rd, was postponed as the proposed changes have come under increased scrutiny by many whistleblower attorneys and advocates.
The Securities and Exchange Commission (“SEC”) recently announced that it voted to adopt a new rule and form amendments designed to “modernize” the regulation of exchange-traded funds (“ETFs”). The SEC also specified that it will issue an exemptive order that further harmonizes related relief for broker-dealers.
The Securities and Exchange Commission (“SEC”) recently eased regulatory constraints for exchange-traded funds (“ETFs”) that the industry long complained about, due to with the wait and the cost of getting SEC to sign off on new funds.
A federal court recently granted partial summary judgment in the Securities and Exchange Commission's ("SEC") favor against Christopher E. McClure and his firm, Westport Capital Markets, LLC.
The Securities and Exchange Commission ("SEC") recently ordered 17 investment advisory firms to pay $11 million for failure to disclose conflicts in their mutual fund share class selection practices.
Two BMO advisers have agreed to pay over $37 million to settle the Securities and Exchange Commission's ("SEC") charges that they violated conflict-of-interest rules and their fiduciary duties by selecting higher-cost investments that benefited the bank without informing clients.
Raymond James agreed to pay more than $15 million to settle Securities and Exchange Commission ("SEC") allegations of collecting excess commissions and failing to conduct adequate suitability reviews. The latest case came after Raymond James settled two client overcharging lawsuits in June for $15 million and agreed to pay disgorgement of $6.9 million in March under the SEC. It's the firm's third major settlement of the year for a combined $37 million.
The Securities and Exchange Commission ("SEC") has charged Raymond James entities with improperly charging retail investors and charging excess commissions for brokerage customer investments.
