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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Regulatory Investigations
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...
Judge rules SEC’s lawsuit against Coinbase can proceed to trial
A federal judge has ruled that the Securities and Exchange Commission can move forward with its lawsuit against cryptocurrency exchange Coinbase, CNBC reports. U.S. District Judge Katherine Polk Failla decided that the SEC's case against the company can be heard by a...
US Supreme Court reinstates jury verdict won by fired UBS whistleblower
The US Supreme Court has sided with a former UBS Group bond strategist in a landmark case involving corporate whistleblowers, according to AdvisorHub. In a unanimous ruling against UBS, the high court reinstated a jury's verdict in favor of Trevor Murray. Murray, who...
SEC finalizing settlements with firms over record-keeping failures
More firms are expected to face penalties in the Securities and Exchange Commission's ongoing probe into the use of unapproved outside messaging apps such as WhatsApp in the financial industry. According to an exclusive report by Reuters, the SEC is negotiating...