SEC enforcement

Some funds touting their environmental and socially responsible investments may be exaggerating.

Carrie Tolstedt invoked her right to remain silent about allegations she misled bank customers.

A roundup of this week's news includes advisors on the move, new hires and SEC enforcement.

SEC enforcement actions and regulatory requirements citing Form CRS suggests that firms need to step up their compliance operations.

The trade group’s continued support comes with caveats as advocates for a stronger rule express hope that the Biden administration will change the 2019 regulation.

Nearly 100 clients Mata allegedly defrauded for $14.5 million have received paltry restitution after exhausting every possible method.

The wirehouse is the latest firm to have its financial advisors called out publicly by the regulator for disregarding warnings about holding the ETNs for a long time.

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts.

The firms agreed to censures, the settlement payments and to cease-and-desist orders tied to their alleged misconduct.

The Advisor Group IBD missed 55 alerts suggesting suspicious disbursements by clients of Hector May, according to the SEC.

Jose Ramirez says he doesn't recognize the criminal mastermind portrayed in the SEC's complaint against him.

The case against Centaurus Financial comes after the industry and consumer advocates decried the previous administration’s approach for different reasons.

After an initial phase of good-faith exams, regulators expect to see how firms have operationalized those programs.

DaRayl Davis used his clients' money to rent a fancy Hollywood mansion, purchase over $100,000 in airline tickets and pay off massive credit card bills.

The regulator will be stepping up scrutiny of advisors on this issue and others, including ESG and cybersecurity.

So far this month, an average of 99 billion shares in companies that don’t trade on classic exchanges have changed hands each day.

The 33-year-old advisor allegedly spent clients’ money on luxury items and business expenses for his startup.

Regulators and Washington policy makers are sure to up scrutiny once the dust settles on the market turmoil that has buffeted GameStop and others.

Jacob Glick is accused of breach of fiduciary duty and misappropriating client funds, among other alleged misconduct.

“The sheriff is coming to the preeminent financial regulator in the world,” said Justin Slaughter, a consultant at Mercury Strategies. “It means regulation and enforcement are about to get much tougher.”