Chardan Capital Markets and Industrial and U.S. unit of the Commercial Bank of China accused of failing to report customer trades of billions of penny-stock shares.
The U.S. Supreme Court considered bolstering the president’s power over federal agencies in a clash over the constitutional status of the in-house judges who handle complaints at the Securities and Exchange Commission.
Controversial rules would require enhanced disclosures about conflicts but critics say they largely preserve the status quo.
Under President Donald Trump, a top financial regulator isn’t embarrassing Wall Street as much as it used to.
Examinations covered 15% of registered investment advisers last year, but 35% have never been examined, according to SEC’s fiscal 2019 budget proposal.
Digital currencies just got name-checked by a group that many of their boosters would probably rather avoid: Securities and Exchange Commission inspectors.
Los Angeles-based firm was charged with failing to segregate customer funds, wrongly calculating reserve requirements (including failing to properly account for a parent company and an executive spouse’s accounts) and being short of capital.
The U.S. Securities and Exchange Commission obtained a court order freezing the assets of a Texas-based initial coin offering that claimed to have raised more than $600 million.