SEC Brings Share Class Selection Enforcement Action Involving Wrap Fee Accounts
The SEC fines an adviser for best execution and disclosure violations for placing wrap fee program clients in more expensive share classes.
May 13, 2022
Adviser Charged in Connection with Principal Trades Between Clients, Adviser’s Sole Owner
The SEC fines an adviser and its sole owner for alleged violations of the Advisers Act principal trading requirements.
May 13, 2022
Tags: SEC Enforcement
SEC Grows Crypto Assets and Cyber Unit in Division of Enforcement
SEC increases size of Enforcement unit devoted to crypto assets and cybersecurity.
May 13, 2022
SEC Charges Brazilian Mining Company with Misleading Investors About Safety
SEC brings enforcement action for ESG-related fraudulent statements, even as it proposes rules to require ESG-related corporate disclosures.
May 04, 2022
Tags: ESG, SEC Enforcement
President Biden Proposes Budget Boost for SEC to Support Enforcement
President Biden’s 2023 budget provides an additional 7.5 percent for the SEC.
March 29, 2022
Tags: Budgets, SEC, SEC Enforcement
SEC Fines Adviser for Breach of Fiduciary Duty
The SEC has settled charges against a registered investment adviser for breach of fiduciary duty to clients for failures regarding conflicts disclosure, best execution, and duty of care.
March 07, 2022
Tags: Fiduciary, Revenue Sharing, SEC Enforcement, Share Class Disclosure
SEC Fines Adviser for Misleading Clients on Faith-Based Investment Strategy
ESG-related enforcement case against digital adviser that misled retail investors.
February 16, 2022
Tags: Advertising Rule, ESG, SEC Enforcement
Electronic Communications Conundrum: Risks vs. Regulatory Obligations
16 steps to take in light of the SEC’s enforcement case for supervisory and recordkeeping failures stemming from the use of personal devices for business communications.
January 26, 2022
Tags: Books & Records, SEC Enforcement
SEC Enforcement Case Calls into Question Hedge Clauses in Retail Advisory Contracts
This case has potentially significant ramifications for advisers to retail clients who have hedge clauses in advisory contracts.
January 14, 2022
Tags: Hedge Clauses, SEC Enforcement
Adviser, Principal Fined for Misrepresentations and Compliance Issues
The enforcement case found hedge fund misrepresentation, principal trading without consent, and lack of policies and procedures.
January 04, 2022
Tags: Hedge Funds, SEC Enforcement