SEC

Morgan Stanley to pay US$8M penalty on risky inverse ETFs Fallback Image Decorative pattern

Industry

Morgan Stanley to pay US$8M penalty on risky inverse ETFs

Morgan Stanley has agreed to pay a US$8-million penalty and admit wrongdoing to settle SEC charges related to single-inverse ETF investments the firm had recommended to advisory clients. The SEC found Morgan Stanley didn’t adequately implement its policies and procedures to ensure that clients understood the risks involved with purchasing inverse ETFs, an instrument used […]

By Staff |February 15, 2017

1 min read

Trump to halt DoL fiduciary rule, review Dodd-Frank Fallback Image Decorative pattern

Industry

Trump to halt DoL fiduciary rule, review Dodd-Frank

President Donald Trump is set to sign orders that will have a major impact on Wall Street.

By Wire services |February 3, 2017

2 min read

New York-based BlackRock to pay US$340,000 SEC penalty Fallback Image Decorative pattern

Industry

New York-based BlackRock to pay US$340,000 SEC penalty

The Securities and Exchange Commission today announced that New York-based asset manager BlackRock Inc. has agreed to pay a US$340,000 penalty to settle charges.

By Staff |January 18, 2017

2 min read

SEC lays charges in advisor-lawyer referral scheme Fallback Image Decorative pattern

Industry

SEC lays charges in advisor-lawyer referral scheme

The SEC says a Connecticut-based investment advisor has agreed to admit wrongdoing and pay more than US$575,000 to settle charges that he defrauded a client. The regulatory adds that the advisor then compounded his scheme by attempting to mislead SEC investigators while lying to other clients about the status of the SEC’s investigation. According to […]

By Staff |January 11, 2017

2 min read