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 […]
Frauds & Scandals
SEC Charges DeFi Platform Rari Capital and its Founders With Misleading Investors and Acting as Unregistered Brokers
Rari Capital also charged for engaging in unregistered crypto offerings September 18, 2024/US SEC The Securities and Exchange Commission today announced settled charges against Rari Capital, Inc., a supposed decentralized finance (DeFi) protocol, and its co-founders, Jai Bhavnani, Jack Lipstone, and David Lucid, for misleading investors and engaging in unregistered […]
SEC Charges 11 Institutional Investment Managers with Failing to Report Certain Securities Holdings
Two of the firms also charged with failing to report large trader transactions September 18, 2024/US SEC The Securities and Exchange Commission today announced charges against 11 institutional investment managers for failing to file reports, known as Forms 13F, that they were required to file because they have discretion over […]
