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 Brings First Marketing Rule Action; Firm to Pay $1M
By Melanie WaddellTitan Global Capital Management's violations included the misleading use of hypothetical performance metrics in ads, the SEC said.
August 09, 2023
Who's Next in $2.5B WhatsApp Probe?Regulators have quizzed more than a dozen other firms, including BlackRock and LPL, about the use of unofficial channels.
August 08, 2023
Wall Street's New WhatsApp Fines Take Tab Past $2.5BThe penalties are tied Wells Fargo and other banks' use of unofficial communication tools to conduct business.
August 08, 2023
Wells Fargo to Pay $125M in WhatsApp CrackdownIn total, 11 firms agreed to pay penalties of $289 million to the Securities and Exchange Commission.
August 07, 2023
The SEC's New AI Plan Expands Reg BI — and MoreIndustry attorneys say the plan would impose potentially burdensome conflict-of-interest requirements on BDs and advisors.
August 07, 2023
Beware, the SEC Is Coming for You!The current administration seems to believe advisors get paid too much for doing too little; the industry must push back.
August 01, 2023
Ex-Cetera Advisor Charged With Defrauding Older Client Out of $2.4MThe SEC also alleges the advisor liquidated the client's holdings and transferred the proceeds to her own accounts.
August 01, 2023
ETF Managers Group, Founder Hit With $4.4M SEC PenaltySamuel Masucci and his firms entered into "a prohibited joint transaction" to obtain $20 million in rescue financing to avoid a possible bankruptcy.