Enforcement

“Hemp,” Thomas Jefferson once wrote, “is of first necessity to the wealth & protection of the country.” Three centuries on, Jefferson’s political descendants are beginning ...

None of the ACH transfers from Welsh’s clients’ and customers’ accounts to the Welsh Family Accounts were authorized by the relevant account owners

EXAMS contacted LCM’s Chief Compliance Officer by email on October 14, 2020 to alert her that the firm had failed to file Form CRS. LCM, ...

The firm failed to file and deliver Form CRS by these deadlines, not becoming compliant until in or after late March 2021

'Private funds are under the microscope'

"My poor judgement was that I failed to review these internal reports daily and take note of the fact that the reports was [SIC] not ...

When a "control agreement" doesn't make a control group

The founder of an Orange County private fund adviser bungled his firm’s entry into the industry, its custody of client funds, its compliance program, its ...

State securities regulators opened 196 investigations of exempt private fund advisers last year, bringing 67 new enforcement cases, NASAA says in its latest annual report. ...

The SEC also points the finger at the CCO for filing and signing years’ worth of Form ADV brochures that allegedly contained “false and misleading ...