The first risk alert from OCIE in 2018 lists fee and expense issues that commonly cause exam deficiencies. “Advisers should review their practices, policies, ...
One aftermath of the surge in OCIE exams is that the percentage of reviews referred to the SEC’s Enforcement Division has fallen to a low ...
The crackdown on initial coin offerings continues. Despite an SEC report last July warning the industry that digital securities can be, and often are, securities, ...
A thirty-year tenure at a firm is rare these days and tends to gain the employee a certain amount of leeway. But for Wedbush Securities ...
It’s not a good sign when an adviser’s employee discovers he’s the firm’s CCO by reading its Form ADV. But that’s how Richard Tomney ...
The headline suggested a textbook case of elder financial abuse: Broker makes fraudulent misrepresentations to collect $70,000 in fees from a couple of 90-something clients. ...
With the quarter’s end upon us, the NFA is reminding CPOs and CTAs to answer new questions on its annual questionnaire regarding virtual currencies. ...
Three years ago, we reported how some OCIE examiners were issuing deficiencies because they interpreted the way Fidelity’s contract was written gave advisers custody – ...
Whistleblowers, the U.S. Supreme Court ruled in February, deserve anti-retaliation protections under Dodd-Frank only when they bring their allegations to the SEC (IA Watch, Feb. ...
An SEC enforcement initiative aimed at combatting “cherry-picking” continues to bear fruit. The initiative—led by the Commission’s Los Angeles Regional Office—has now yielded a fourth ...