The Securities and Exchange Commission has announced the latest award in its whistleblower program, which provides monetary payments to eligible individuals who come forward with information about securities fraud or other wrongdoing. The commission said it had...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Securities and Compliance
SEC adopts new rules to enhance regulation of private fund advisers
The Securities and Exchange Commission adopted new rules to increase the regulation of private fund advisers, AdvisorHub reports. The commission said its action was aimed at protecting private fund investors by increasing transparency, competition, and efficiency in...
SEC adopts rules regarding disclosure of cybersecurity incidents
The Securities and Exchange Commission announced that it has adopted rules tightening the requirements for public companies to report cybersecurity incidents, according to JD Supra. Under the new rules, firms will be required to disclose on the new Item 1.05 of Form...
Lawsuit accuses Wells Fargo of opening unauthorized bank accounts
A class action lawsuit has been filed against Wells Fargo claiming that the bank fraudulently opened unauthorized checking accounts for at least 40 people, reports ThinkAdvisor. The lawsuit was filed in U.S. District Court for the Northern District of California in...
Lawyers trade association calls on SEC to reform RIA arbitration system
The Public Investors Advocate Bar Association has called on the Securities and Exchange Commission to reform the process for resolving advisor-client disputes, according to AdvisorHub. The PIABA is an international bar association whose members represent investors in...
