Compliance & Ethics

The Securities and Exchange Commission (SEC) has approved the termination of the distribution fund related to an enforcement action against Equity Services, Inc. This order authorizes the transfer of all remaining or future unfeasible funds from the fund to the U.S. Treasury.

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Blyth & Associates, Inc. This order concludes the administration of disgorgement and interest funds originally intended for investor restitution following disclosure failures.

The Securities and Exchange Commission (SEC) has approved the final accounting for a distribution fund related to an enforcement action against Investmark Advisory Group LLC. This order authorizes the transfer of any unreturned or infeasible funds to the U.S. Treasury and officially terminates the distribution fund.

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Select Money Management, Inc. This order authorizes the transfer of any remaining or future infeasible funds to the U.S. Treasury, effectively closing the administrative proceeding.

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Kestra Advisory Services, LLC. This order authorizes the transfer of all remaining, infeasible funds from the fund to the U.S. Treasury.

The Securities and Exchange Commission has approved the termination of a distribution fund related to an enforcement action against Michigan Advisors, Inc. This order authorizes the transfer of all remaining, infeasible funds from the fund to the U.S. Treasury.

The Securities and Exchange Commission (SEC) has issued an order authorizing the transfer of all remaining funds from a previously established distribution fund to the U.S. Treasury. This concludes the administrative proceedings related to Santander Securities LLC's failure to disclose conflicts of interest regarding 12b-1 fees.