SEC enforcement

Chairman Jay Clayton and OCIE's director provided advisors with hints on the regulator’s methods.

The firm allegedly profited $14 million by fabricating performance records.

The case marks the firm’s second in a month, but its special investigations unit helped crack it.

The RIA rep fabricated account statements and used forged letterheads as part of the deception, investigators say.

Louis Blazer III used client funds to finance 'Mafia the Movie,' according to the complaint.

The advisors collected $1.7 million by fraudulently pushing variable annuities, investigators say.

Some advisers are actually embracing changes by making the rules work for them.

OCIE plans to conduct 1,850 probes of RIAs, a 28% jump over its 2016 total, while sharply cutting those aimed at broker-dealers.

Jay Clayton acknowledged in testimony on Capitol Hill that it's a “very complicated issue.”

Regulators now use deeper dives into specific areas rather than broad probes, experts say.