SEC enforcement

Two hundred fraudulent wire transfers were made over more than a decade, says the regulator.

The advisor used the money on cars and gambling in the latest Ponzi-like scheme, investigators say.

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.

RIAs using digital platforms will face scrutiny about disclosure and client communications.

The investor received 15 months in prison after pleading guilty to wire fraud.

In 2016, the SEC brought a record 868 cases, including 173 against broker-dealers and advisers and 159 against investment companies.

The SEC could continue cracking down on brokers and advisers, but some see Clayton’s leadership taking a more business-friendly tack.

The SEC is investigating the bank for selling clients mutual funds that charge marketing fees when other, cheaper funds were available. SunTrust expects an enforcement action.

Advisers have been warned: SEC's exam guidance to focus on cyber threats and issues involving seniors, leaving little excuse for noncompliance.

The advisor paid $50,000 to a widow's lawyer to refer her $100 million account to him – a fact he failed to disclose to the client, the agency claims.

The allegations come a year after the firm paid over $300 million to resolve regulators' claims that it failed to tell wealthy clients it was steering them into its own funds.