The Securities and Exchange Commission announced it has charged four current and former public companies with materially misleading cyber disclosures. The SEC said that the firms, Unisys Corp., Avaya Holdings Corp., Check Point Software Technologies Ltd, and Mimecast...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: October 2024
SEC lays out examination priorities for 2025, including artificial intelligence, dual registrants
The Securities and Exchange Commission released its examination priorities for fiscal year 2025, according to an AdvisorHub report. The priorities set out by the SEC's Division of Examinations are issued to inform investors and registrants of the key risks,...
Transfer of wealth seen as threat to business of financial advisors
A new survey examines some of the opportunities and challenges for financial advisors in 2024, Financial Advisor reports. The data is contained in the Natixis Global Survey of Financial Professionals, which said that advisors are attempting to navigate short-term risk...
Lawsuit filed against barred broker over recommended life insurance program
An investor has filed a lawsuit against his former broker, alleging that he recommended a life insurance program that caused a devastating financial impact. The suit, detailed in a report by ThinkAdvisor, was filed in U.S. District Court in Oregon by Oregon resident...
PHX Financial charged with violations of Reg B1 for excessive trading in customer accounts
The Securities and Exchange Commission announced that it has charged broker-dealer PHX Financial, Inc. with violating Regulation Best Interest for excessive trading in customer accounts. According to details of the case reported by ThinkAdvisor, the violation occurred...