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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInSEC Creating Searchable Database of Bad Brokers — Think Advisor
The Securities and Exchange Commission is creating a website that will contain “a searchable database of individuals” who have been barred or suspended as a result of federal securities law violations, the agency’s chairman, Jay Clayton, said Wednesday. “This resource is intended to make the prior actions of repeat offenders and fraudsters more visible to […]
SEC Enforcement Chief: Reporting Suspicious Activity ‘Not Optional’ for BDs — ThinkAdvisor
Securities and Exchange Commission Enforcement Chief Andrew Ceresney told broker-dealers Wednesday that compliance with the Bank Secrecy Act “is not optional,” and that a BD’s failure to file a required suspicious activity report (SAR) “is, by itself, a basis for enforcement action.” via SEC Enforcement Chief: Reporting Suspicious Activity ‘Not Optional’ for BDs — ThinkAdvisor
Lessons from Mark Cuban’s Broker — On Wall Street
Although Cuban’s fight with the SEC is finished, financial advisors can learn a lot from it…. If you are called to testify in front of a jury on behalf of your client, there are some key things to remember, says Abikoff, who declined to speak specifically about the Cuban litigation. He says that if an […]
Broker-Dealer Lawyer Who Spotted Fraud Rewarded With Five-Year SEC Ordeal
Five year case ended Jan. 26, when SEC dismissed the matter without an opinion.
Sutherland Study Finds Benefits for Brokers, Firms to Litigate Against SEC and FINRA
A new study by Sutherland Asbill & Brennan analyzing litigated disciplinary proceedings brought by the SEC and FINRA against broker-dealer firms and registered representatives shows that it often pays for defendants to litigate, rather than settle. The authors of the study, Brian L. Rubin and Christian J. Cannon, analyzed cases from October 2007 through September […]