News
News and Insights
New FINRA Requirements for Registered Individuals The Securities and Exchange Commission (SEC) has approved a new set of rules proposed by the Financial Industry Regulatory Authority (FINRA), set forth in…
The SEC has ordered investment adviser Canterbury Consulting, Inc. (“Canterbury,” “Adviser”) to pay disgorgement, prejudgment interest, and a civil penalty in amounts totaling $172,986.00. The SEC’s order stems from Canterbury’s…
SEC Chairman Jay Clayton recently gave a speech at the PLI 49th Annual Institute on Securities Regulation, at the beginning of this month in New York. Chairman Clayton’s speech focused…
FINRA has censured Wells Fargo Advisors Financial Network (“Wells Fargo” and “the Firm”) and ordered more than $3 million in restitution over the firm’s failure to perform the due diligence…
Near the end of September 2017, the Securities and Exchange Commission (“SEC” or the “Commission”) filed a complaint in the U.S. District Court for the Western District of New York,…
The SEC has imposed a $75,000 civil penalty against SIX Financial Information USA Inc. (“SFI”) for misrepresenting the methodology it used to value European OTC Call Options for its client….
Recently, the Securities and Exchange Commission increased the Enforcement Division’s ability to protect investors with the creation of two new initiatives. The SEC created a Cyber Unit that will focus…
This biannual report can be an important compliance resource. Reviewing this report can help firms determine if any compliance changes need to be implemented. Data from the report shows that…
Many individuals are of the impression that there is nothing safer than a mutual fund. Additionally, many feel that a mutual fund is the best way for an individual with…
Currently, there is no shortage of regulatory and legal actions against companies that fail to maintain a robust and comprehensive cybersecurity program. One recent action involved Nationwide Mutual Insurance Company…
Rule 204A-1 requires each adviser’s code of ethics to set forth a standard of business conduct that the adviser requires of all its supervised persons. Each adviser’s code of ethics…
Recently, there has been a focus on RIAs unintentionally obtaining custody of client assets. A few years ago, it became a popular practice of many RIAs to offer clients the…
Our Industry-Leading Reputation
