SEC: Enforcement

'Compliance, really, is a risk mitigation strategy.'

None of the 40,000 back-up tapes handled by Moving Company complied with these policies and procedures. MSSB never inspected the equipment used to destroy those ...

From 2013 until June 30, 2020, however, Arcadia failed to obtain the required surprise examinations for the client accounts for which it had custody

Case may be illustration of right place, wrong time

In August 2018, a covered associate of Respondent made a campaign contribution to a candidate for elected office in California, which office had influence over ...

Between December 2020 and April 2021, two covered associates of Respondent made campaign contributions to a candidate for elected office in New York, New York, ...

In July 2018, an officer of the Bank of Hawaii made a campaign contribution to an incumbent for elected office in Hawaii, which office had ...

In May 2021, a covered associate of Respondent made a campaign contribution to a candidate for elected office in Massachusetts, which office had influence over ...

"The Pay-to-Play Rule, although well-intentioned, imposes unique, unquantifiable costs on individuals by impeding their ability to participate in the political process"

Following a prior exam, the SEC continued to find hundreds of inactive accounts—each regularly paying IA fees—and determined the adviser failed its fiduciary duty in ...