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SEC Charges Three Former KPMG Audit Partners for Exam Sharing Misconduct

The Securities and Exchange Commission has settled charges against three former KPMG LLP audit partners who allegedly shared answers to internal training exams and...

SEC Charges Three Texans for Offering and Selling Fraudulent Oil and...

The Securities and Exchange Commission has charged three Texas residents who allegedly used deceptive offering materials and promotional videos to sell $2.7 million in...

SEC Clarifies When Using “Advisor/Adviser” Violates Regulation Best Interest

The Securities and Exchange Commission provided clarification on its updated Regulation Best Interest frequently asked questions on the use of the terms “adviser/advisor” in...

SEC Charges Former Merrill Lynch Registered Representative with Defrauding Investors

The Securities and Exchange Commission has charged Phillip Conley, a West Virginia-based former registered representative, with conducting fraudulent securities offerings in which he raised...

SEC Shares Details on Initial Examinations for Reg BI and Form...

The Securities and Exchange Commission’s office of compliance inspections and examinations (OCIE) has issued two risk alerts that provide broker-dealers and investment advisers with...

SEC Further Extends Reporting and Proxy Deadlines, FINRA Postpones Arbitration Meetings

The Securities and Exchange Commission has extended the filing periods covered by its previously announced conditional reporting relief for certain public company filing obligations...

SEC Encourages Companies to Hold Virtual Annual Meetings, Announces Regulatory Relief

The Securities and Exchange Commission has published guidance to assist companies with their obligation to hold annual shareholder meetings in light of coronavirus (COVID-19)...

SEC Obtains Judgment Against Former Adviser Charged with Defrauding Retirees

A federal district court in Massachusetts entered a final judgment against Richard Cody, a former investment adviser and broker representative who defrauded Massachusetts retirees. According...

SEC Charges Recidivist Investment Adviser with Defrauding Retirees

The Securities and Exchange Commission has charged Sacramento, California-based investment adviser firm Springer Investment Management Inc., doing business as Springer Financial Advisors (SFA), and...

SEC Obtains Asset Freeze to Halt Alleged Reg D Offering Fraud

The Securities and Exchange Commission has obtained a temporary restraining order and asset freeze against a California solar panel company and three executives who...