In a noteworthy action resulting from a lack of action in monitoring client accounts, the U.S. Securities and Exchange Commission (“SEC”) fined three Raymond James entities $15 million for failing to conduct promised suitability reviews for certain advisory accounts invested in unit investment trusts (“UITs”).
The Securities and Exchange Commission (“SEC”) has charged two Prudential subsidiaries with a failure to monitor and report conflicts of interest that proved costly to fund shareholders.
The Securities and Exchange Commission (“SEC”) charged 23-year-old junior analyst Bill Tsai at an international investment bank with insider trading.
The outcome of a recent jury trial in Manhattan has underscored the importance of the Securities and Exchange Commission’s new Regulation Best Interest and the Commission’s ongoing commitment to enforcing the standard of investment suitability for retail clients.
One of the more complicated aspects of fiduciary responsibility rests with a firm’s ability to adequately identify and disclose potential conflicts of interest. What may not appear to be a conflict can nevertheless violate securities laws whether it be a material misstatement or omissions in reports filed with the Securities and Exchange Commission (SEC).
With the passing of every month, the investment industry sees another round of enforcements involving the mishandling of initial coin offerings (“ICOs”). The still nascent landscape of cryptocurrency investing continues to pose significant difficulties for investors, firms, and regulatory…
The proper valuation of client assets is of critical importance for investment advisers. A failure on the part of firms to properly value assets adversely affects key areas of fund operations, including but not limited to: Over or under…
In yet another case of fraud targeting senior investors, the Securities and Exchange Commission (SEC) has charged William Neil “Doc” Gallagher, a Texas-based man touting himself as “the Money Doctor,” in an emergency action to halt a sizeable Ponzi…
The Legal Tip for Jacko Law Group titled 2017 SEC Enforcement Cases: A Year In Review was written in December, 2017.… Read More
David Sobel wrote a Legal Tip for Jacko Law Group titled Broker-dealers, It’s Time To Review Your Written Supervisory Procedures in November, 2016.… Read More