Securities and Exchange Commission Chairman Jay Clayton just tapped the brakes on President Donald Trump’s push to let U.S. companies report earnings less frequently.
The firm’s now-closed retail execution business improperly routed broker-dealer customers including Edward Jones and Raymond James in a way that in some cases resulted in worse pricing.
Hybrid broker and advisory firm that manages $1.5 billion agreed to pay $242,000 for putting advisory clients into 12b-1 share classes and for steering them to a custodian that was paying the firm for the referrals.
SEC sanctions firm, executives and a broker a combined $940,000 over leveraged ETN sales, and Finra levies $800,000 fine for failure to supervise variable annuity sales.
Miami broker helped his father-in-law execute a $200 million fraud that earlier led Raymond James to more than $165 million of regulatory settlements.
Fund manager and affiliated brokerage firm used quantitative model for fund investing developed by inexperienced junior analyst and didn’t tell customers it wasn’t working, SEC says.
Settles SEC charges of inadequate surveillance that led five independent brokers in its franchise to steal almost $2 million from clients over four years.
The U.S. Securities and Exchange Commission said two investment firms and an underwriter settled charges of conspiring to make quick profits by trading newly issued municipal bonds, a practice known as flipping.
Your lawyer can’t take money from your opponent to give you bad legal advice. If you’re on Medicare, your doctor can’t take kickbacks from drug manufacturers for prescribing their drugs. But, under current law, your broker-dealer can receive monetary rewards and other perks for recommending certain investment products, even if those products aren’t in your best interest.
Wall Street’s main regulator is boosting its scrutiny of brokerages that deal in cryptocurrencies, according to two people familiar with the matter, the latest sign that authorities want to know more about a burgeoning market that they fear might be full of misconduct.
Securities and Exchange Commission faults policy-and-procedure deficiencies that allowed Barry Connell to make more than 100 unauthorized transactions in just under a year.