A former employee of a Pennsylvania-based online gambling company has been charged with insider trading, the Securities and Exchange Commission announced. The SEC filed a complaint in federal district court against David Roda of Philadelphia, a former software...
SEC requests public comment on information providers acting as investment advisers
The Securities and Exchange Commission is seeking public comment on whether “information providers”, including index providers, model portfolio providers, and pricing services, would fall under the definition of an investment adviser under the Investment Advisers Act...
Charles Schwab to pay $187 million over SEC charges it misled investors about robo-advisor
Charles Schwab & Co. has reached a settlement with the Securities and Exchange Commission over charges it misled investors about its robo-advisor service, AdvisorHub reports. The SEC said that from March 2015 through November 2018, three Schwab investment adviser...
SEC obtains judgment against investment adviser charged with orchestrating Ponzi scheme
The Securities and Exchange Commission announced it has obtained a final judgment and permanent injunction against a Rhode Island investment adviser who was charged with defrauding clients in a Ponzi scheme, Financial Advisor reports. A U.S. District Court ordered...
SEC reopens public comment period for proposed rule on erroneously awarded compensation
The Securities and Exchange Commission has announced that is reopening the public comment period for its proposed rules involving listing standards for the recovery of erroneously awarded compensation. The rules were proposed to implement Section 954 of the Dodd-Frank...
