Tag: regulatory
FINRA Bars Ex-Broker Accused of Taking Money from Children’s Cancer Charity
The Financial Industry Regulatory Authority has barred former Northwestern Mutual broker, Roderick Len Whited, for pocketing money raised for a pediatric cancer charity.
Whited served...
SEC Reports Record-Breaking Year for Whistleblowers, Increase in New Enforcement Actions
The Securities and Exchange Commission filed 434 new enforcement actions in fiscal year 2021, which ended on September 30th, a 7 percent increase over...
Opportunity Zone Fund Manager Charged with Securities Fraud
Federal prosecutors have charged Joshua Burrell, chief executive officer of New York-based investment firm Activated Capital, with a number of securities fraud offenses in...
SEC Charges Adviser with Defrauding Elderly Client
The Securities and Exchange Commission has charged Michigan-based investment adviser Steven F. Muntin with allegedly defrauding one of his investment advisory clients out of...
FINRA Bars Merrill Lynch Broker Accused of Converting State Unemployment Funds
The Financial Industry Regulatory Authority has barred former Merrill Lynch broker, Daemon Johnson, after he allegedly failed to return nearly $10,000 that was deposited...
SEC Charges Adviser with Stealing $3 Million to Pay Off Credit...
The Securities and Exchange Commission has charged Kenneth Welsh, a former New Jersey-based broker and investment adviser representative with stealing nearly $3 million from...
Department of Labor Delays Fiduciary Rule Enforcement
The Department of Labor has delayed the implementation of its investment advice rule from December 20, 2021 until February 1, 2022.
The DOL's prohibited transaction...
Opinion: SEC Whistleblower Program Invites Abuse
By: Publius
Editor’s note: The author of the following guest article is a chief executive officer in the financial services industry, who, for fairly obvious...
SEC Obtains Final Judgment Against Longtime Broker Sentenced to 170 Months...
A New York district court has entered a final judgment against Steven Pagartanis, a barred broker who was sentenced to 170 months in prison...
SEC Committee Recommends Retail Investors Have “Wider Access” to Private Funds
The Securities and Exchange Commission's Asset Management Advisory Committee has unanimously approved a report recommending that the SEC consider how to amend the regulatory...
