The Securities and Exchange Commission announced charges and penalties against a California-based registered investment adviser for violating provisions of its Marketing Rule, according to WealthManagement.com. The SEC's investigation found that Atlas Financial...
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Securities and Compliance
3 firms fined by SEC for failing to file Forms D on timely basis
Two private companies and one registered investment adviser have been penalized by the Securities and Exchange Commission for violations involving Form D. The SEC announced that the charges stemmed from failures to timely file the forms for several unregistered...
Concerns raised over bill to end federal taxes on Social Security benefits
A bill has been introduced in Congress to remove federal income taxes on Social Security payments, though ThinkAdvisor reports there are some concerns about its potential impact on the system. H.R. 9359, The Social Security Tax Freedom Act, was introduced by Rep....
SEC adopts amendments to broker-dealer customer protection rule
In a move aimed at protecting investors, the Securities and Exchange Commission announced last week that it has adopted amendments to its Rule 15c3-3. Under the revisions, certain broker-dealers would be required to increase the frequency with which they compute the...
Former broker to pay $2.1 million to settle fraud and Reg BI violations
The Securities and Exchange Commission announced a settlement in the case of a former broker accused of fraud and Regulation Best Interest violations, according to Financial Advisor. Christopher Booth Kennedy, who worked as a registered representative for Western...
