Examinations Enforcement: Settlement

Boggs misappropriated his clients’ money by selling securities in their advisory accounts and then transferring the proceeds to his personal credit card account

HSBC Securities provided false and misleading disclosures to clients about its IARs’ conflicts because it stated that IARs did not receive compensation based on advisory ...

Naya Ventures neglected to take steps to ensure that an accounting firm was engaged to perform an annual audit as the partnership agreement required

BMA Securities violated the rule on hundreds of occasions by failing to close out allocated fail to deliver positions

Eric Lyons misused and misappropriated approximately $570,000 from the funds

compliance staff failed to create P&Ps to ensure that reps were being monitored when placing clients in inverse ETFs

The revised ADV Brochure made no reference to the agreements or payments and did not explain the resulting conflicts of interest

Wells Fargo was previously sanctioned by FINRA for similar conduct occurring prior to July 2009

The firm's CCO learned of the RAUM figure in the Form ADV after it was filed, and made several requests to identify the basis for ...

Charges faced by former SEC-RIA now state-registered advisory firm