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.
Merrill to Pay $9.5M Over Undisclosed Fees
By Melanie WaddellThe firm paid part of these foreign exchange fees to advisors, referring to them as commissions in internal documents, the SEC says.
March 28, 2023
SEC Charges Fake Advisor With Scamming $8.4M From InvestorsThe defendant, incarcerated earlier for drug trafficking, allegedly led three schemes targeting at least 28 investors.
March 27, 2023
3 Compliance Failures of Newly Registered Advisors: SECMonday's exam alert also says these advisors' disclosures include omissions and inaccuracies related to fees and compensation.
March 27, 2023
Advisors, BDs Continue to Avoid Crypto: CFA Institute StudyThe SEC also warned investors recently to use caution when investing in crypto asset securities.
March 22, 2023
SEC Charges Lindsay Lohan, Other Celebrities With Crypto ViolationsRegulators also brought charges against entrepreneur Justin Sun over the unregistered sales of tokens Tronix and BitTorrent.
March 22, 2023
SEC Proposes Requiring BDs to File Forms ElectronicallyThe plan would require e-filing of a range of annual and quarterly forms currently filed on paper.
March 21, 2023
Advisor Charged With Defrauding Clients in Annuity Switching SchemeClients incurred over $640,000 in surrender charges, according to the SEC.
March 15, 2023
DOJ Arrests Chinese Billionaire and Steve Bannon Associate in $1B Fraud SchemeExiled businessman Guo Wengui, an associate of the former White House advisor, was "a serial fraudster," according to the SEC.