Principal Trades

The most frequent principal trading and agency cross transaction compliance issues identified by DOE staff in examinations of advisers

These proceedings concern the failure of a registered investment adviser, Ophrys, LLC, to provide adequate written disclosure to clients regarding the capacity in which it ...

These proceedings concern Bayes Capital’s violations of Regulation SHO (“Reg SHO”) of the Exchange Act, in connection with its principal trading practices. As described more ...

Starting in approximately March 2013 and continuing through December 2015, Tarpinian knowingly placed approximately 2,785 trades between the Principal Account and advisory client accounts, including ...

Seven years after the SEC first threatened to retract its temporary principal trading rule, it’s finally going to happen when 2016 ends (IA Watch, Sept. ...

Maybe the fourth time’s the charm for Moloney Securities Co. and its President and Chief Investment Officer Joseph Medley, Jr. After three separate SEC examinations ...

An under-resourced compliance department and inadequate P&Ps tied to cross and principal trading have led to a $250,000 SEC civil money penalty against a Chicago-based ...

Every two years like clockwork, the SEC has extended its temporary rule permitting principal trades with certain clients by dual-registrants. The last time was two ...

WFGA overcharged clients in one of its advisory wrap account programs contrary to its disclosures to these clients. WFGA represented to clients participating in a ...

You propose that, if an Adviser determines to sell out of a client position consisting of whole shares and fractional shares, the Adviser or a ...