One additional firm will not pay a penalty because it self-reported, self-policed, and demonstrated substantial efforts at compliance September 24, 2024/US SEC The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser, for widespread and longstanding failures by […]

September 19, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Philip Markin, the fifth individual charged in connection with an insider trading scheme to trade ahead of a pharmaceutical company tender offer. According to the SEC’s complaint, filed on September 10, 2024, Philip Markin made approximately […]

Firm’s structured note recommendations violated Reg BI’s compliance obligation September 18, 2024/US SEC The Securities and Exchange Commission today announced charges against registered broker-dealer First Horizon Advisors, Inc. for failing to maintain and enforce policies and procedures reasonably designed to achieve compliance with Regulation Best Interest (Reg BI). The charges […]