SEC

The way the whistle blows The way the whistle blows

Advisor's Edge

The way the whistle blows

Comparing the success of investor protection programs in Canada and the U.S.

By Al and Mark Rosen |September 21, 2018

4 min read

SEC looking at title reform as part of fiduciary rule: report Fallback Image Decorative pattern

Economic Indicators

SEC looking at title reform as part of fiduciary rule: report

Title reform is catching on inside the SEC as a simple solution that would be straightforward to implement as the regulator moves toward a proposal for a new fiduciary standard, Investment News reported. Title reform would draw a line between brokers and investment advisors (and advisers), limiting who can use the latter title to those […]

By Staff |March 13, 2018

2 min read

SEC cyber unit files charges over Quebec PlexCoin securities Fallback Image Decorative pattern

Industry

SEC cyber unit files charges over Quebec PlexCoin securities

The SEC says in a release that it has obtained an emergency asset freeze to halt an initial coin offering fraud that raised up to US$15 million from thousands of investors since August. The offering falsely promised a 1,354% profit, says the SEC. The commission has filed charges against “a recidivist Quebec securities law violator,” […]

By Staff |December 4, 2017

2 min read

Former equity firm partner billed clients for vacations, clothing: SEC Fallback Image Decorative pattern

Industry

Former equity firm partner billed clients for vacations, clothing: SEC

The Securities and Exchange Commission today charged Mohammed Ali Rashid, a former senior partner at Apollo Management L.P., with defrauding his fund clients by secretly billing them for approximately $290,000 in personal expenditures, including his family vacations, visits to a hair salon, and purchases of designer clothing and high-end electronics. The SEC’s complaint alleges Rashid […]

By Staff |October 26, 2017

2 min read