- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2022-09-09T19:06:00
Nine investment advisers failed to follow Securities and Exchange Commission (SEC) rules designed to keep clients’ assets safe and/or timely disclose financial updates following audits, the agency announced Friday.
BiscayneAmericas Advisers, Garrison Investment Group, Janus Henderson Investors, Lend Academy Investments, Polaris Equity Management, QVR, Ridgeview Asset Management Partners, Steward Capital Management, and Titan Fund Management will combine to pay more than $1 million in total penalties as part of separate settlements with the SEC.
Two of the advisory firms—Polaris and Janus Henderson—violated custody rules, one—QVR—failed to comply with Form ADV, and six firms were penalized for violations of both mandates, the agency said. Without admitting or denying the findings, the firms were censured and ordered to cease and desist.
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2023-09-06T20:36:00Z By Kyle Brasseur
The Securities and Exchange Commission announced penalties against five investment advisers as part of its second targeted sweep regarding violations of its custody rule and Form ADV requirements.
2023-02-15T22:24:00Z By Aaron Nicodemus
The Securities and Exchange Commission proposed registered investment advisers be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
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The Securities and Exchange Commission settled charges against Florida-based investment adviser IFP Advisors and its former representative relating to a multiyear “cherry-picking” scheme.
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The Federal Trade Commission (FTC) filed a lawsuit against Uber, alleging the ride-hailing company signed customers up for its Uber One subscription without consent, then made it hard for them to cancel. The move marks the U.S. government’s latest broadside against big tech companies, and the first major action from ...
2025-04-18T17:45:00Z By Oscar Gonzalez
The U.S. Consumer Financial Protection Bureau continues to unravel amid pressure from Trump administration officials to shutter the agency. Not only has the agency informed its employees that it will no longer be a watchdog for the financial services industry, it has also laid off employees despite court orders blocking ...
2025-04-15T07:30:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau dropped yet another consumer protection lawsuit against a bank or fintech provider since Donald Trump was sworn in as president in January. This time, it was with Comerica Bank.
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