SEC enforcement

The firm didn't disclose its conflicts of interest in receiving over $100 million in revenue sharing from mutual funds over nearly five years, the SEC says.

A barred broker told clients the lifestyle media company was about to be acquired, so “they needed to act quickly,” according to the regulator.

Clients seeking to recoup some $14 million in damages have received only 12% of their total claims, according to an SEC-appointed receiver.

With transparency about conflicts on the rise even as it varies by firm, critics question whether clients really understand complicated technical documents.

The SEC is giving serious side-eye to firms with part-time or underqualified compliance officers.

The allegation was laid out in an SEC order, which hit a U.S. unit of the firm with a $500,000 penalty.

Audit volume is up but compliance issues are down — with cybersecurity as the wild card.

The justices said bankers can be held liable for sending clients deceptive information written by others.

The firm’s founder “knowingly engaged in a multi-year scheme to mask the poor performance of one of the funds’ largest investments,” the SEC alleged.

The independent broker-dealer accidentally published a list of credits of its most lucrative advisors.

The RIA divisions of Raymond James and RBC are also among the companies that self-reported.

Non-public corporate earnings reports were among the stolen information, the regulator claims.

The SEC is running on a skeleton crew that effectively halts routine oversight.

Investigators say the onetime FiNet branch manager preyed on “particularly vulnerable” clients, including several with dementia.

The IBD network’s parent repurchased the majority of Dr. Phillip Frost’s shares just before the SEC filed proposed settlements of its pump-and-dump case.

Wall Street’s main regulator has made ADR sales a focus of its enforcement efforts.

Former Securities America rep Hector May carried out a 20-year scam through his outside RIA, according to prosecutors

Investigators say the barred rep diverted more than $1.8 million of her clients’ money for personal use, including on vacations and houses.

Edward Lee Moody used the stolen proceeds to buy a home and travel to Las Vegas among other destinations.

Dick Lampen says the SEC charges against Dr. Phillip Frost, the firm’s primary shareholder, won’t affect its “significant” other resources.