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SEC: Raymond James to Pay $15 Million for Improperly Charging Retail...

The Securities and Exchange Commission has agreed to settle charges against three Raymond James entities for improperly charging advisory fees on inactive retail client...

SEC Charges Investment Advisor for Improper Transactions Costs

The Securities and Exchange Commission has charged McDermott Investment Advisors, LLC (MIA), a Fort Meyers, FL investment advisory firm, and Dean Patrick McDermott, the...

XY Planning Network Files Lawsuit to Challenge SEC’s Regulation Best Interest...

XY Planning Network (XYPN), a financial planning platform for fee-only financial advisors founded by Alan Moore and Michael Kitces, has filed a lawsuit in...

States Sue SEC Over Broker Advice Rule

A group of eight attorneys general filed a federal lawsuit on Monday in the Southern District of New York, challenging the Securities & Exchange...

Former Wells Fargo/Morgan Stanley Broker Pleads Guilty to Defrauding Clients in...

Elias Herbert Hafen, a former financial adviser at Wells Fargo and Morgan Stanley, pled guilty in a New York federal court yesterday to investment...

SEC Settles Charges Against RIA for Improper Alternative Investment Sales

Lefavi Wealth Management (LWM), a registered investment adviser with approximately $303 million of assets under management, has agreed to settle charges with the Securities...

SEC Charges Adviser Firm and Principals with Defrauding Retired NFL Players

The Securities and Exchange Commission has charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were...

SEC Charges Cetera Advisors with Defrauding Retail Advisory Clients

The Securities and Exchange Commission has charged Cetera Advisors LLC, a registered investment adviser and broker-dealer based in Denver, Colorado, with breaching its fiduciary...

SEC Obtains Emergency Asset Freeze and Charges Adviser with $100 Million...

The Securities and Exchange Commission has charged Brenda Smith, a Pennsylvania investment adviser, with operating a $105 million fraud. The SEC also obtained an...

SEC Charges Broker-Dealer and CEO With Supervision Failures

The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities LLC and its former chief executive officer, Ronaldo Gonzalez, with failing to...