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Now that 2017 has passed, let’s look at some of the enforcement numbers released by the State Securities Board. 19 – The number of individuals prosecuted in investment fraud cases….
The SEC has ordered a total of $100,000 in civil penalties to be paid by AmericaFirst Capital Management (“Adviser,” “Firm,” “AFCM”) and related persons, Rick Gonsalves (CEO) and Robert Clark…
Depending on which “side of the isle” you normally sit, it appears there are some who prefer the flexibility to conduct their personal and professional lives in the manner of…
The US Securities and Exchange Commission (SEC) has issued an “Operations Plan Under a Lapse in Appropriations and Government Shutdown” (“Operations Plan”), which describes how the SEC will operate in…
A good friend and colleague, Michael Koch, shared his notes with us regarding the recent phone call held by the Fort Worth SEC office. We believe these notes provide valuable…
On January 8, 2018, FINRA released a 2018 Regulatory Exam Priorities Letter. The letter highlights specific areas where FINRA will focus their exam priorities and indicates specific areas of opportunity…
As increasing members of the public invest in cryptocurrencies and initial coin offerings, questions have arisen regarding the SEC’s role in regulating these markets. SEC Chairman Jay Clayton released a…
The SEC has ordered Registered Investment Adviser Southwind Associates of NJ Inc. (“Southwind,” “Adviser,” “Firm”) to pay a civil penalty of $50,000. The order stems from the firm’s repeated failure…
Cryptocurrency has been dominating the headlines. It seems like it is impossible to visit a financial website without encountering articles on cryptocurrencies such as Bitcoin, Litecoin, Ethereum, the list goes…
It boggles the mind when reading about the shenanigans of a very few disreputable Representatives. The Securities and Advisory businesses are easily amongst the most heavily regulated and scrutinized industries…
For the third consecutive quarter, the Security Exchange Commission has filed charges of excessive trading. On December 6, the SEC announced that it had charged two New York-based broker-dealer representatives,…
FINRA recently released Regulatory Notice 17-37 regarding the SEC’s approval of pay-to-play and related recordkeeping rules for Capital Acquisition Brokers (“CABs”). CABs can be defined as member firms that advise…
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