Regulatory actions and programs

The firm allegedly provided some clients with misleading information about which charges they were actually paying for.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

My broker-dealer warned that since it’s a forgivable loan it could be seen as a compromise with creditors.

Despite coronavirus, exams on new regulatory package are going to start, the commission says in new risk alerts.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

Overuse of “may” instead of “will” and gauzy formulations in disclosures won’t cut it despite the halt to in-person exams, an SEC official says.

The advisor had been previously arrested at the airport prior to boarding a flight.

After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.

In an hour-long session, justices considered the agency's use of “disgorgement” to collect money from someone the commission sues in federal court.

A Supreme Court ruling could eviscerate one of the agency’s most potent weapons.

The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.

For many, the document is a significant source of confusion. Fortunately, one of the most persistent errors is easily correctable.

The agency is seeking additional information from the firms as well as competitors and advisors.

“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.

It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.

“The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees” engaging in misconduct, the regulator said.

The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.

Trade groups warn that a proposal could end commissions in the state and play into a "fractured" regulatory environment nationwide.

The advisor was charged with overbilling clients by hundreds of thousand of dollars and diverting millions from the company’s payroll to his own account.

The firm’s supervisory systems did not identify brokers who recommended clients engage in potentially unsuitable early rollovers of UITs, the regulator said.