The Securities and Exchange Commission (SEC) on Monday penalized eight firms across three separate actions for breaches of employee email accounts that exposed the personal information of thousands of customers in each case.
Five separate subsidiaries of Cetera Financial Group agreed to pay a total of $300,000 for their collective alleged violations. Cambridge Investment Research and Cambridge Investment Research Advisors will pay a total of $250,000, while KMS Financial Services will be fined $200,000.
