Administrative Proceedings

The custody rule is designed to protect advisory clients from the misuse or misappropriation of their funds and securities. It requires that registered advisers who ...

The Commission’s complaint alleged that from 2011 through 2017, Caufield defrauded investors while selling high-yield promissory notes to raise money for Caufield’s purchase and operation ...

Hope and its principal engaged in a continuous pattern of fraudulent trading to circumvent the impact of the high-water-mark fee structure of the fund that ...

The complaint alleged that Roberts knowingly provided substantial assistance to this scheme by among other things, tracking the funds’ losses or gains for the month ...

The Newedge securities lending personnel also had no basis to believe that any of Newedge’s Borrowers were complying with the Pre-Release Obligations. To the contrary, ...

She made material misrepresentations about the investment stating that the investment was without risk, was completely liquid, and featured a guaranteed rate of return of ...

The counts of the criminal information to which Faher pled no contest and to which she was convicted alleged, among other things, that between March ...

Although it filed a number of SARs relating to suspicious transactions of certain terminated Advisers, Respondent failed to file SARs on the suspicious transactions of ...

The monetary transaction identified in the count pleaded guilty to was a $67,000 wire transfer to the church of which Williams was a member that ...

These proceedings concern the failure of a registered investment adviser, Ophrys, LLC, to provide adequate written disclosure to clients regarding the capacity in which it ...