SEC: Enforcement



Morgan Stanley failed to adopt and implement P&Ps reasonably designed to prevent and detect unauthorized externally-initiated ACH payments

The firm discovered malicious software had blocked access to its computer systems and data by encrypting data and programs within its network. The attack disrupted ...

Fair Invest and Parekh made untrue and misleading statements concerning the WBAs

"The corollary is that practicing a culture of compliance, including self-reporting, remediation, and affording Enforcement staff meaningful cooperation during an investigation, is the best way ...

After one actor auditioned, Beam informed the man he got the job, but that Beam 'needed his passport to make the travel arrangements.' Armed with ...

Paulson filed a SAR in which the narrative stated that in reviewing a request to approve margin trading for a client’s account. However, failed to ...

The didn't contain the information as required by FinCEN, such as the “five essential elements”—namely the “who, what, when, where, and why” of the suspicious ...

This SAR narrative failed to include all of the information required by FinCEN, including the time-frame of the suspicious trades; details about the trading, such ...

"After all, compliance has costs. There are the actual resources needed to implement effective compliance functions"