SEC Actions

EXAMS contacted LCM’s Chief Compliance Officer by email on October 14, 2020 to alert her that the firm had failed to file Form CRS. LCM, ...

Below are examples of deficiencies or weaknesses observed by the staff related to funds’ and their advisers’ compliance programs for portfolio management and other business ...

The firm failed to file and deliver Form CRS by these deadlines, not becoming compliant until in or after late March 2021

"Today, the staff of the Securities and Exchange Commission published a report on the “meme stock” events of winter 2021, and how these events affected ...

Under federal law, an investment adviser is a fiduciary.104 With respect to securities lending, advisers have a fiduciary duty to consider the tradeoffs between continuing ...

Although required by LPL’s procedures, the LPL representative never verified that the identification document photograph matched Garcia’s physical appearance before processing the account opening paperwork

Redwood had custody of its clients’ Mortgage Company promissory notes because it had possession of and direct access to them, and it failed to comply ...

TCA and GP fraudulently inflated the TCA Funds’ net asset value and performance results through the recording of non-binding transactions

The Form ADV brochures failed to disclose information about an unpaid $208,700 judgment against Clark and Soteira in favor of a former client

For each of the more than 1,050 short sales that Tradition mismarked as long sales in both its customers’ accounts and its principal accounts, Tradition ...