The Securities and Exchange Commission announced that it has penalized five registered investment advisers for violations of its marketing rule, AdvisorHub reports. All five firms agreed to settle the SEC’s charges and to pay $200,000 in combined penalties, while also...
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Month: April 2024
OMB review completed on Department of Labor’s proposed fiduciary rule
The Department of Labor's proposed new fiduciary rule has moved a step closer to final approval, according to a Financial Advisor report. The White House Office of Management and Budget said it completed its review of the rule last Wednesday. The DOL's rule would...
FINRA penalizes Florida broker-dealer and CEO over texting violations
A Florida broker-dealer and its chief executive officer were penalized by the Financial Industry Regulatory Authority over messaging violations, ThinkAdvisor reports. FINRA released a letter of acceptance, waiver and consent in the case of Dawson James Securities,...
SEC charges Senvest Management with widespread recordkeeping violations
The Securities and Exchange Commission announced that it has charged New York-based advisory firm Senvest Management with failing to preserve business-related off-channel electronic communications. The charges involve the period from January 2019 through December...
FINRA issues cybersecurity alert regarding phishing campaign
The Financial Industry Regulatory Authority has issued a cybersecurity alert to member firms to make them aware of an ongoing phishing campaign. FINRA said the campaign involves fraudulent emails purporting to be from FINRA executives and using the e-mail addresses...
