Examinations Enforcement: SEC Actions

On the same day the SEC reported bringing a record amount of enforcement actions in FY 2014 and touting a number of “first-ever” cases, the ...

A record 755 enforcement actions filed in 2014 has SEC Enforcement Director Andrew Ceresney deeming FY 2014 “a banner year for the Enforcement Division.” His division handled twice ...

The insider trading case that led to Wells Fargo Advisors ($334B in AUM) in St. Louis last month paying a $5 million fine to the ...

The Securities and Exchange Commission Today Announced an Enforcement Action Against the Estate of Vincent James Saviano (Saviano) and His Firm Palmetto Investments LLC (Palmetto ...

There may be a crying need for more regulatory exams of advisers but OCIE examined about 1,000 IAs in the fiscal year ending this week. ...

The good news: the SEC found the firm’s compliance manual contained policies and procedures “reasonably designed to prevent several violations of the Advisers Act.” The ...

These parties faced an enforcement action for alleged violations of the principal trading rule, poor Form ADV disclosures and a failure to seek best execution ...

The SEC is 90% toward tackling its mandated Dodd-Frank rulemaking. In recent testimony before the Senate Banking Committee, Chair Mary Jo White noted that Dodd-Frank ...

SEC Charges Minneapolis-Based Hedge Fund Manager with Bilking Investors and Portfolio Pumping

IA Watch has obtained a copy of the SEC’s alternative mutual fund sweep letter. As we’ve reported (IA Watch, Aug. 25, 2014), it focuses on ...