Examinations Enforcement: SEC Actions

The latest SEC off-channel communications cases involving an IA and a B-D have set a new fine floor: no civil penalty

The dissemination of ads that included "untrue or unsubstantiated" claims and testimonials, endorsements, or third-party rankings lacking required disclosures were among violations

The protection of MNPI remains a top focus of the SEC's Division of Examinations

SEC Division of Examinations sweep exam assessing how the T+1 settlement change is going

When advertising the performance of a private fund, the adviser presented performance returns that were experienced by a single investor. These returns did not constitute ...

An internal review found that some investors received material holdings and exposures information about the fund without compliance’s review and approval

This is SEC 2866 that covers rules around providing information during an examination

IA penalized $60K for running afoul of the Commission's pay-to-play rule

New York-based firm was charged by the SEC for not adequately disclosing pre-IPO discussions with a potential acquisition target

It took Mortgage Industry Advisory Corp. 16 years, and a second SEC exam, to adequately address cited deficiencies first identified in 2006