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Breaches of Fiduciary Duty and Compliance Failures | SEC Charge

SEC Releases Brief Introduction Last month, an Investment Adviser was charged by the SEC with a $200,000 civil penalty and required to pay clients $575,589 in restitution for “breaches of fiduciary […]

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SEC Charges $1.1 Billion to 16 Wall Street Firms

SEC Charges $1.1 Billion to 16 Firms Brief Introduction On September 27th, the SEC charged 16 firms over $1.1 Billion in penalties for “widespread and longstanding failures” […]

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SEC Charges $35 Million Over Failures to Protect “PII”

SEC Charges $35 Million Over Failures to Protect “PII” Brief Introduction On September 20th, the SEC charged a well known Firm with a $35 Million penalty over […]

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SEC Charges Firms for Deficiencies in Customer Identity Theft Prevention

Brief Introduction On July 27th, the SEC charged two large Investment Banks and a Broker-Dealer for deficiencies in their programs to prevent customer identity theft. As a […]

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SEC Imposes Largest Penalty Ever Against an Audit Firm

Brief Introduction On Tuesday, June 28th, the SEC announced that they charged a well known Audit Firm for employees cheating on the CPA Ethics Exam and withholding evidence […]

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