SEC enforcement

The allegations involving 12b-1 fees, cash sweeps and commissions also include violations of best execution rules.

“We look forward to our day in court and will not be bullied by the regulatory thugs at the SEC," the firm's co-founder says.

The revelation is buried in an SEC enforcement action that accused Robinhood of hiding for years how it made the bulk of its revenue.

Fake name, phony credentials, Ponzi-like payments but real victims — this is what authorities are saying about this business.

Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.

OCIE's recent exam initiative uncovers widespread supervision shortfalls in large, geographically dispersed firms.

But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.

Insiders see a Democratic administration backing tightened investor protections as industry advocates look to tax legislation.

The advisor allegedly carried out a 20-year scheme defrauding at least 15 clients through forgery and misrepresentations.

The advisor allegedly used an omnibus trading account to help himself and hurt his clients to the tune of tens of thousands of dollars, according to the regulator.