Examinations Enforcement: Settlement

Vanguard failed to adequately consider potential capital gains and tax consequences for investors in taxable accounts, resulting in higher tax bills for clients

During times of rising interest rates, Wells had no P&Ps that specifically required that its financial advisors evaluate whether a client’s cash should remain in ...

When market interest rates increased, the yields advisory clients received from the program were often significantly lower than the yields clients could have received had ...

Transamerica Retirement Advisors paid incentive compensation to its Retirement Planning Consultants for referring employer plan participants to its investment advisor reps

Among other problems, LPL failed to properly verify new accounts; failed to timely close accounts that did not pass its CIP screening measures; and failed ...

TSI and TSA breached their fiduciary duty to take reasonable steps to protect their clients’ interests from recognized material vulnerabilities to certain Models, which were ...

The firm's use of the letter was also improper because it required its clients, all of whom are retail clients, to agree to a waiver ...

Where red flags or 'high risk factors with respect to money laundering activities' were present, the firm didn't conduct the enhanced AML due diligence it ...

The Commission staff’s investigation found off-channel communications by Apollo personnel, including at senior levels. These communications were sent among colleagues as well as to external ...

Beginning in 2024, the Carlyle Group and its investment adviser affiliates began to roll out on-channel messaging platforms for external communications