Tag Archives: SEC Enforcement

ALJ Decision Results in SEC Retrying Enforcement Actions

The Supreme Court decision in Lucia v. SEC  that the in-house SEC administrative law judges (“ALJ”) were not properly appointed and put in office has resulted in the Securities and Exchange Commission (“SEC”) issuing an order to retry over 120 enforcement actions.   In the order, the SEC reiterated their approval of the appointments of Chief … Continue reading ALJ Decision Results in SEC Retrying Enforcement Actions

SEC Issues Alert on Excessive Trading

sec eThe Office of Investor Education and Advocacy (OIEA) and the Broker-Dealer Task Force of the Securities and Exchange Commission (SEC) jointly issued an Investor Alert to help investors identify excessive trading in their brokerage accounts and to educate investors about steps they should take if their brokerage firm notifies them of a high volume … Continue reading SEC Issues Alert on Excessive Trading

SEC Whistleblower Program Impacts Exam Program

The Securities and Exchange Commission (SEC) is including enforcement of the Whistleblower provisions enabled by Frank Dodd in its exam program, and as such is directly impacting broker/dealers and investment advisers.  To that end, whistleblower issues have recently arisen in SEC exams of investment advisers.   In those exams, confidentiality agreements, registered representative and Investment adviser … Continue reading SEC Whistleblower Program Impacts Exam Program

SEC Enforcement Actions Against Investment Advisers Increasing

In the enforcement results summary recently issued by the Securities and Exchange Commission (“SEC”), it was noted that in fiscal year 2016, the SEC filed 868 enforcement actions against financial reporting firms related to misconduct by companies and their executives and misconduct by investment advisers and gatekeepers, as the agency continued to enhance its use … Continue reading SEC Enforcement Actions Against Investment Advisers Increasing