SEC: Enforcement

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 ...

Biggest single-day crackdown on industry since 2018

Respondents did not undertake a process to determine whether the loans were in the best interests of the lending Funds

BAG’s compliance manual included P&Ps requiring that trade orders include instructions for how the shares in the block trade are to be allocated. However, Brander ...

Hudson and Lone Star Global failed to fully disclose Hudson’s practice for calculating and charging certain fees. Hudson charged $54.6 million in incremental and undisclosed ...

Enforcement deadline looms

"Regulation by enforcement fails to provide the nuanced and comprehensive guidance that allows market participants to tailor their practices, and instead requires regulated entities to ...

"Were we not to investigate and bring appropriate cases just as we always have simply to duck criticism or difficult questions, we’d be acting with ...