|Comments Off on State regulators reveal top enforcement targets

Agencies brought more cases against registered advisers than unregistered entities, and certain products featured in many of them

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|Comments Off on SEC Wants Firms To Watch Reps With Troubled Pasts

The U.S. Securities and Exchange Commission announced Monday that it is launching exams to test the compliance oversight and controls of investment advisers that hire individuals with a disciplinary history.

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|Comments Off on 2 Firms To Pay Fines Over Wrap Fee Compliance

James & Associates and Robert W. Baird & Co. agreed Thursday to pay a fine to the U.S. Securities and Exchange Commission over claims they failed to ensure clients enrolled in programs with a single annual fee weren’t being overcharged commissions for certain trades.

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|Comments Off on SEC Says Advisers Must Report Clients’ Derivatives Risk

The U.S. Securities and Exchange Commission said on Thursday investment advisers must disclose more about assets held in separately managed accounts, including their level of exposure to derivatives, cementing rules industry stakeholders previously worried could expose trading strategies.

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|Comments Off on Finra fines UBS $250,000 for overcharging mutual-fund customers

A unit of UBS Group AG will pay a $250,000 fine to settle charges that it failed to waive certain fees for eligible mutual-fund customers, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on FINRA panel orders adviser to pay $333,000 to Morgan Stanley

A former broker for Morgan Stanley must pay the wirehouse $333,000 in damages for failing to pay back money he owed when leaving the firm in 2013, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Former Merrill Edge adviser accused of misleading customers

The Financial Industry Regulatory Authority Inc. accused former Merrill Lynch adviser of allegedly misleading five clients with individual retirement accounts at the firm by providing incorrect information while making recommendations.

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|Comments Off on FINRA panel directs broker to pay Wells Fargo

Broker Robert Edward Loftus must pay Wells Fargo almost $1 million in compensatory damages after his termination in 2013, according to the Financial Industry Regulatory Authority Inc.

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|Comments Off on Investment Branch of Fidelity Sued for Fiduciary Breach

Individuals that contribute to a Delta Air Lines Inc. 401(k) plan have sued sections of Fidelity Investments, on the claim of wrongdoing in the firm’s record keeping role.

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|Comments Off on NJ Couple Faces Prison, Civil Fine Over Alleged Ponzi Scheme

A New Jersey couple who purportedly owned a hedge fund was hit with criminal charges and a hefty civil penalty Friday for allegedly collecting money from two dozen investors and spending it on a lavish lifestyle as part of a Ponzi scheme that netted nearly $600,000 from victims.

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