More than $3 Million to be Returned to Harmed Retail Investors as Part of Ongoing Risk-Based Initiative November 13, 2020/US SEC The Securities and Exchange Commission today filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of […]
Frauds & Scandals
SEC Awards Over $1.1 Million to Whistleblower for Independent Analysis
November 13, 2020/US SEC The Securities and Exchange Commission today announced an award of over $1.1 million to a whistleblower whose independent analysis led the staff to look at new conduct during an ongoing investigation. The whistleblower’s information and exemplary assistance helped the agency bring an emergency action preventing further […]
SEC Charges Former Wells Fargo Executives for Misleading Investors About Key Performance Metric
November 13, 2020/US SEC The Securities and Exchange Commission today charged former Wells Fargo & Co. CEO and Chairman John G. Stumpf and former head of Wells Fargo’s Community Bank Carrie L. Tolstedt for their roles in allegedly misleading investors about the success of the Community Bank, Wells Fargo’s core […]
