By Kyle Brasseur2024-03-25T20:14:00
Advisor Resource Council (ARC) agreed to pay a $300,000 penalty to resolve charges levied by the Securities and Exchange Commission (SEC) of compliance failures exacerbated by staffing woes.
The Texas-based registered investment adviser was charged in September with making false and misleading statements in its Form ADV brochures and failing to adopt policies and procedures to ensure fair and equitable trade allocations among its advisory clients. The SEC announced final judgment against the firm in a litigation release published Friday.
ARC consented to the retention of an independent compliance consultant as part of its resolution.
2024-03-22T20:10:00Z By Jeff Dale
The Securities and Exchange Commission charged a New York-based attorney for allegedly engaging in improper conduct by violating her obligations to remain independent after preparing an independent compliance report for a company.
2024-03-18T19:48:00Z By Adrianne Appel
Delphia USA and Global Predictions agreed to pay a total of $400,000 to settle charges by the Securities and Exchange Commission the firms each engaged in artificial intelligence misrepresentations that misled clients about how they were using the technology.
2023-10-04T13:57:00Z By Kyle Brasseur
The Securities and Exchange Commission criticized the structure of the compliance program in place at Texas-based investment adviser Advisor Resource Council as part of a lawsuit against the firm and one of its former representatives.
2025-09-16T20:11:00Z By Adrianne Appel
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
2025-09-12T19:40:00Z By Oscar Gonzalez
The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.
2025-09-11T20:53:00Z By Neil Hodge
Europe’s banking regulator warns that weak compliance at fintech, regtech, and crypto firms may let money laundering and terrorist financing risks slip through. The EBA also found EU regulators’ approaches are often inconsistent and unclear.
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