SEC

The alleged wrongdoers transferred client money to their wives’ accounts, the commission says.

The company’s survival may depend on a continuing security awareness training program.

Two firms were fined over $100,000 for not disclosing nearly $5M in loans to clients.

The firm admitted to wrongdoing, saying the incomplete trading data was due to a computer coding error.

Several of Dawn Bennett's clients suffered major investment losses, "with two losing $1 million and $17.6 million," according to the SEC.

"His lies, piled on one after another, have led to today’s substantial and serious charges," U.S. Attorney Peter Neronha said.

Plus, why matching clients with brokers of their race, religion or ethnicity might not meet the legal threshold for affinity fraud.

The proposed rule would require firms to have blueprints in place for natural disasters, cyber disruptions and transitioning clients if a practice winds down.

It’s time for professional planners, as opposed to sales agents, to define themselves accurately in the public mind. To do it, you need to use key words and phrases with crystal clarity.

Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.