Compliance & Ethics

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.

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of a distribution fund related to a 2019 enforcement action against Wells Fargo. This order authorizes the transfer of all remaining, unreturned 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 established following enforcement action against IPG Investment Advisors, LLC. This order authorizes the transfer of any remaining or future infeasible funds to the U.S. Treasury, marking the conclusion of the remedial phase for this specific matter.

The Financial Conduct Authority (FCA) has officially cancelled the Part 4A permission of H A Performance Limited, effective August 12, 2026. This enforcement action resulted from the firm's failure to pay overdue regulatory fees and levies despite formal requests.