SEC: Enforcement

Firm was late in disclosing conflicts, SEC claims

Could the days of SEC ALJs be numbered?

RTW failed to disclose conflicts of interest, made statements that omitted material facts, and failed to adopt reasonably designed written policies and procedures regarding RTW ...

As dollars shrink, fraud risks come in three waves, experts warn

Pinnacle did not conduct sufficient periodic reviews of client advisory accounts to determine whether client accounts were being managed in accordance with their investment mandates

Masella, who knew the private placement shares were illiquid and restricted, worked with Pinnacle and its principals to classify the investment as “less liquid” rather ...

"Investment advisers and broker-dealers that recommend these products must ensure that they are in the client’s or customer’s best interest"

Betterment failed to provide advance notice of certain material changes to its advisory contract in violation of its fiduciary duty as an investment adviser

The decision leaves unresolved the constitutionality of the SEC ALJ setting, setting the stage for the issue to percolate once again up to the High ...

The case provides three errors to avoid when it comes to disclosing revenue sharing arrangements