Compliance & Ethics

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund established following a 2019 enforcement action against Raymond James Financial Services Advisors, Inc. This order authorizes the transfer of any remaining unallocated funds to the U.S. Treasury, marking the conclusion of the remediation process related to share class selection disclosure failures.

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

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

The Securities and Exchange Commission (SEC) has approved the final accounting for a distribution fund related to a 2019 enforcement action against Provise Management Group, LLC. This order authorizes the transfer of all remaining, unrecoverable funds from the distribution pool to the U.S. Treasury and officially terminates the fund.

The Securities and Exchange Commission (SEC) has approved the final accounting and termination of a distribution fund originally established to remediate disclosure failures by Transamerica Financial Advisors, Inc. This order authorizes the transfer of all remaining unallocated funds to the U.S. Treasury, marking the conclusion of this specific enforcement proceeding.

A federal court has entered a stipulated order requiring RentGrow to pay a $2.25 million civil penalty and accept an injunction to resolve allegations that its tenant-screening practices violated the Fair Credit Reporting Act and the Federal Trade Commission Act, the Justice Department announced Wednesday. The Federal Trade Commission investigated the case and referred it to the department.

NewRez LLC has agreed to a $15.5 million multistate settlement after regulators found the mortgage servicer charged more than 4,200 borrowers for force-placed insurance even though they already had active homeowners policies.