Examinations Enforcement: Settlement

These proceedings arise out of Respondent’s failure to seek to obtain best execution of certain customer orders. As a result of such failures, Respondent’s representations ...

From May 2008 to 2013, JPMS failed to disclose that it designed and operated Chase Strategic Portfolio, a retail unified managed account program, with a ...

This proceeding involves fraud and breaches of fiduciary duty by Li and Canarsie from late 2012 to January 2015, which exposed the Canarsie Capital Fund ...

Starting in at least 2009, Total Wealth and Cooper breached their fiduciary duties to their clients and investors through a fraudulent scheme to collect, and ...

The disclosures also failed to adequately disclose that Total Wealth already had a significant number of revenue sharing agreements in place. For example, according to ...

Nowak was negligent in that he should have known that the confirmations sent to customers contained false and/or misleading information and omitted the markups/markdowns. Nowak ...

Babiarz admitted that, between September 2011 and June 2013, he obtained over $650,000 from various investors by holding himself out as an investment adviser and ...

The criminal information also alleged that Eydelman, Metro, and Tamayo netted more than approximately $5.6 million in illicit profits by executing trades on behalf of ...

Respondents and AFI’s former vice president and business development director created and distributed to clients and prospective clients performance advertising that failed to disclose with ...

AFI’s advertising materials also contained seven examples of investment decisions made using the GTMACS in 2009 and 2010 generating realized or unrealized gains of 5.51% ...