\Two whistleblowers have been awarded a total of over $6 million for the assistance they provided to the Securities and Exchange Commission in separate enforcement actions, the SEC announced last week. One award, of more than $3 million, went to an individual who...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: July 2022
2 individuals barred by FINRA for cheating on online qualification exams
The Financial Industry Regulatory Authority announced that it has barred two individuals from the securities industry for cheating during their online qualification examinations, InvestmentNews reports. The bars imposed on Brandon Autiero of New Jersey and Harris...
Federal regulators fine Bank of America $225 million over ‘botched’ pandemic benefits
Federal regulators have fined Bank of America Corp. over deficiencies in the bank’s administration of public benefit payments during the COVID-19 pandemic, according to AdvisorHub. The bank was hired by 12 states to deliver unemployment and other benefits to consumers...
Former broker pleads guilty to defrauding clients out of over $3 million
The Justice Department announced that a former licensed stockbroker from California has pleaded guilty to defrauding over 100 of his clients, reports ThinkAdvisor. 61-year-old Robert Louis Cirillo of Chino Hills entered the plea last month in U.S. District Court....
SEC adopts new rules to expand electronic filing requirements
In an effort to modernize and enhance the flow of information, the Securities and Exchange Commission announced that it has adopted new rules to expand its electronic filing requirements. The SEC said in a news release that certain documents filed by investment...
