The Financial Industry Regulatory Authority announced that it has fined National Securities Corporation (NSC) $9 million for alleged regulatory violations, according to InvestmentNews. Among other things, the firm was accused of attempting to artificially influence...
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Month: June 2022
SEC charges Rochester with misleading investors in school district bond offering
The city of Rochester, New York, its municipal advisor, and several former officials have been charged with misleading investors about the finances of its school system, the Securities and Exchange Commission announced. The defendants include the city, former finance...
Former Credit Suisse broker wins nearly $2.2 million in deferred compensation case
A former broker for Credit Suisse has won his arbitration case against the firm in a dispute involving deferred compensation, reports AdvisorHub. A Financial Industry Regulatory Authority panel awarded nearly $2.2 million to David R. Barnes, who said Credit Suisse...
Former employee of online gambling company charged by SEC with insider trading
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 advisors
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 advisor under the Investment Advisers Act...
