Failure to supervise

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 ...

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

These off-channel communications included records required to be preserved under the Advisers Act because they related to a recommendation made or proposed to be made ...

The adviser lacked a process for reviewing the type of information shared with customers about agency CMO bonds and lacked any process for reviewing their ...

SEC settlement highlighted compliance review failures, the CCO's communications with a rep, and the ultimate resolution

Broker-dealer failed to establish, maintain and enforce a supervisory system, including written procedures, reasonably designed to supervise outside accounts

FINRA charged the firm failed to establish WSPs reasonably designed to comply with the SRO's fingerprinting requirements

FINRA determined that SpeedTrader's supervisory system for potential manipulative trading was not reasonable in four key respects

Thrivent's supervisory system has not been reasonably designed to detect possible instances of electronic forgery or falisifcation, FINRA says

Heed the lessons of the SEC’s latest off-channel communications enforcement action against an adviser and you may well sidestep a similar fate