Examinations Enforcement: SEC Actions

After the SEC last year charged Timbervest ($1.1B in AUM) in Atlanta with improperly splitting undisclosed commissions (IA Watch, Sept. 30, 2013), the firm promised ...

IA Watch has learned that the SEC has contracted with a Tennessee company to ease the process of examiners verifying client assets at investment advisers. ...

This matter concerns breaches of fiduciary duty and best execution to certain advisory clients of a dually registered investment adviser and broker-dealer.

This proceeding arises from a fraudulent scheme to secretly pay trading commissions to Dennis Malouf, the former chief executive officer and majority owner of UASNM, Inc. ...

This proceeding arises from misconduct with respect to client bond trading by UASNM, Inc. (“UASNM”), a registered investment adviser, and its former chief executive officer and ...

The SEC prosecuted an alleged “cherry-picking” scheme that garnered nearly $2 million in illicit profits.

According to the SEC, an Illinois adviser used investor funds to supply himself with a long list of accoutrements, from luxury cars to investments in ...

An Ohio investment adviser is charged with custody and other violations after examiners allegedly found missing funds during an exam.

IA Watch has obtained copies of requests from SEC examiners that ask firms to provide more extensive data when sharing their trade blotters. One document, ...

One look at the latest Form ADV brochure from Total Wealth Management ($102M in AUM) in San Diego and you can see that the firm ...