The SEC has proposed new rules to address the conflicts of interest associated with broker-dealers and investment advisers' use of predictive data analytics, prohibiting firms from placing their interests above those of investors.
The SEC charged former U.S. Army financial counselor Caz L. Craffy with defrauding Gold Star family members and others by engaging in unauthorized trading and recommending excessive trades and higher risk strategies that did not match customers’ investment profiles.
Merrill Lynch and BACNAH agreed to pay a total of $12 million in penalties for failing to file hundreds of Suspicious Activity Reports (SARs) from 2009 to late 2019.
The SEC has adopted amendments to certain rules that govern money market funds, increasing their liquidity requirements and imposing fees when necessary in order to reduce the risk of investor runs during times of market stress.
The SEC has proposed an amendment to Rule 15c3-3 which would require certain broker-dealers to increase the frequency of customer and PAB reserve computations from weekly to daily in order to better align with today's market activities and protect customers in the event that a broker-dealer fails.
The SEC has awarded an anonymous whistleblower over $9 million for providing original, timely and credible information that led to a successful enforcement action.
The SEC has charged RSE Markets Inc. with operating an unregistered exchange, and the company has agreed to pay a $350,000 penalty to cease and desist from violating the Securities Exchange Act.