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.
2025-08-25T20:49:00Z By Adrianne Appel
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says. An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former ...
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
2025-08-25T15:51:00Z By Adrianne Appel
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice.
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