SEC: Enforcement

Registered advisers struggle with registration, fees, valuations, conflicts of interest and MNPI, Commission data shows

Gurbir Grewal, the SEC’s top enforcer, is bristling at suggestions that he and his colleagues are “regulating by enforcement” in either cryptocurrency or ESG disclosures. ...

"With respect to our Examinations Division, we expect registrants to produce materials and respond to requests promptly. An examination is not an enforcement action. Thus, ...

Now, for the first time, a criterion for the division granting cooperation credit is how a firm handles an SEC exam

He would give a client 'a completed check authorization form, but misrepresented how the authorization would be used.' Other times he 'altered the payee line ...

None of the ACH transfers from Welsh’s clients’ and customers’ accounts to the Welsh Family Accounts were authorized by the relevant account owners

"More troubling is the requirement that Credit Suisse’s Chief Compliance Officer submit a series of annual certifications attesting to Credit Suisse’s adherence to its plea ...

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

'Private funds are under the microscope'

Fiduciary duty missteps can be seen in advisers that fail to do any analysis to determine if certain investments are in a client’s best interest ...