SEC: Enforcement

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 ...

The founder of an Orange County private fund adviser bungled his firm’s entry into the industry, its custody of client funds, its compliance program, its ...

The SEC also points the finger at the CCO for filing and signing years’ worth of Form ADV brochures that allegedly contained “false and misleading ...

TCA and GP fraudulently inflated the TCA Funds’ net asset value and performance results through the recording of non-binding transactions

The Form ADV brochures failed to disclose information about an unpaid $208,700 judgment against Clark and Soteira in favor of a former client