Fraud prevention

Chairman Jay Clayton said he remains worried that cryptocurrency can be too easily stolen or manipulated on exchanges.

The firm is the first to be censured for violating the Identify Theft Red Flags rule.

One high-net-worth client with more than $20 million in assets took the majority of the losses, the regulator says.

Joel N. Burstein allegedly helped his father-in-law defraud foreign investors hoping to immigrate to the U.S.

Five fired and barred former registered reps stole more than $1 million from clients over a four-year period, according to the regulator.

The barred onetime Questar Capital and Woodbury Financial rep had pleaded guilty to the scam, which he says stemmed from a gambling addiction.

The funds allegedly paid for summer camp fees and a 1976 Corvette.

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

“Our whistle-blower program is a critical component in our investor-protection toolbox,” SEC Chairman Jay Clayton says.

Former San Diego Chargers guard Kris Dielman says the independent broker dealer failed to supervise his former advisor.