SEC Files Record Number of Enforcement Actions
Agency secures $4 billion in penalties; expert says: “make sure that you have a robust and dynamic compliance program.”
More in Regulatory/Compliance
Ameriprise and one of its advisors were fined by FINRA after an investigation revealed the advisor doctored client documents and the firm kept quiet about the changes. more »
The SEC plans an enforcement action against a former Wells Fargo compliance officer for altering report. more »
UBS has agreed to compensate 34 Puerto Rico-based investors for their losses in investments in their municipal bond closed ended funds. more »
James Katayanagi allegedly created fake ATM cards and used them to swipe more than $14,000 from eight bank customers. more »
A former UBS broker was ordered to pay back the wirehouse $1.75 million of his recruiting bonus – the third such million-dollar judgment against him this year. more »
Former FINRA vice chairman Stephen Luparello received $5.34 million of total compensation in 2012 — the highest of any of the individuals in The Bond Buyer's annual survey of the compensation levels at 21 industry, self-regulatory, state and local, and muni related groups. more »
The hackers who raided the data banks of JPMorgan Chase used computers now linked to possible attacks on at least 13 more financial companies, according to a person familiar with the investigation. more »
CFP Board drops investigation into activist planner after he drops CFP certification. more »
FINRA barred a Chicago-based broker after it was discovered he transferred over $1 million from client accounts into his own over a number of years. more »
Deutsche Bank AG, the German lender that has pledged to improve controls after criticism from regulators, hired Elizabeth J. Ford from Goldman Sachs Group Inc. as head of compliance for the Americas. more »
The pool of FINRA arbitrators lacks diversity, and may be biased as a result, claims an investor advocacy group. more »
An advisor pair that jumped to Merrill Lynch after just four months with Barclays must pay back over $6.6M in hiring bonuses, FINRA rules. more »
Pension dropouts cause pinch; Baby boomers face doctor shortage; 5 things to know before applying for Social Security more »
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