The SEC Disciplines RIAs for Ignoring Client Instructions and Whistleblower Rule Violations
by Ara Jabrayan | Feb 13, 2025 | Account Recommendations, Advisory Contract, Best Execution, Broker-Dealer, Candidate, Chief Compliance Officer, Code of Ethics, commissions, Communication, Compliance Violations, Deceit, Disgorgement, Dually Licensed, Fee Calculations, fees, Fines, investment management agreement, Penalties, policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance Policies, Risk, SEC Investment Adviser Compliance, SEC NEWS, Share Class Selection, Suitability, Violations, Whistleblower, Whistleblower Protection Rule
On September 25, 2024, the SEC charged two firms with ignoring clients’ instructions and exceeding their designated investment limits for over two years. The two firms charged were Merrill Lynch, Pierce, Fenner & Smith Inc. (“Merrill Lynch”), a registered...Recent Posts
- SEC Charges State-Registered Investment Adviser and Its Owner with Fraudulent Fee Practices
- FINRA is Scrutinizing the Conversion of Brokerage Accounts to Advisory Accounts
- RIA Disciplined for Improper Wrap Program Conversions
- SEC Disciplines RIA and IAR for Improper Advisory Account Conversions
- SEC Disciplines RIA for Failing to Disclose Conflicts of Interest Caused by the Payment of Incentive Compensation
Archives
- June 2025
- March 2025
- February 2025
- September 2024
- July 2024
- April 2024
- February 2024
- January 2024
- November 2023
- September 2023
- August 2023
- July 2023
- May 2023
- April 2023
- January 2023
- October 2022
- August 2022
- July 2022
- May 2022
- April 2022
- February 2022
- January 2022
- October 2021
- September 2021
- July 2021
- June 2021
- May 2021
- April 2021
- October 2020
- September 2020
- December 2019
- November 2019
- September 2019
- August 2019
- October 2017
- September 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
Categories
- "Off-Channel" Communications
- 12b-1 Fees
- 13F
- Account Recommendations
- accredited investor
- ADV Part 2A
- ADV Part 2B
- Advertising
- Advisory Contract
- Algorithm
- Artificial Intelligence
- Audit
- Beneficial Ownership Information (BOI) Report
- Best Execution
- Blockchain
- Books and Records
- Broker-Dealer
- Business Continuity and Disaster Recovery Plans
- Candidate
- Cherry-Picking
- Chief Compliance Officer
- Client Relationship Summary
- Code of Ethics
- commissions
- Communication
- Compliance
- compliance deficiencies
- Compliance Violations
- Conflicts of Interest
- Continuing Education
- Corporate Transparency Act (CTA)
- Criminal
- Crypto-Assets
- cryptocurrency
- Custody Rule
- Cyberattack
- Cybersecurity
- De minimis exemption
- Deceit
- Deficiencies
- Department of Labor
- Digital
- Disaster Recovery Plans
- Disclosure
- Disgorgement
- Division of Enforcement
- Division of Examinations
- Division of Investment Management News
- DOL Fiduciary Rule
- Dually Licensed
- Duty of Care
- Electronic Communications Archiving Service
- Emerging Technologies
- Endorsement
- Environmental
- ERISA
- Examination Priorities
- Fee Calculations
- fees
- Fiduciary Duty
- Financial Crimes Enforcement Network (FinCEN)
- Fines
- FINRA
- Form ADV
- FORM CRS/Form ADV Part 3
- Form U4
- Fraud
- Gramm-Leach-Bliley Act
- Hedge Clause
- Hypothetical Performance
- Improper Share Class Selection
- Investment Adviser Code of Ethics
- Investment Adviser Representative
- Investment Advisers Act
- Investment Advisers Act – Section 206(2)
- Investment Advisers Act – Section 206(4)
- Investment Advisers Act – Section 206(4)-7
- investment management agreement
- Leveraged Exchange Traded Funds (ETFs)
- Liability
- Marketing Rule
- North American Securities Administrators Association (NASAA)
- Off-Channel Communications
- Office of Compliance Inspections and Examinations (OCIE)
- Penalties
- Penalty
- policies and procedures
- Press Releases
- Prison
- Private Funds
- Promoter
- Recordkeeping
- Registered Investment Advisers (RIAs)
- Regulation Best Interest (BI)
- Regulation S-ID
- Regulation S-P
- Remove term: Products and Practices Products and Practices
- Restitution
- retail investor
- Retail Investors
- RIA Compliance
- RIA Compliance Policies
- Risk
- Robo-Advisers
- Rule 503
- Safeguards Rule
- SEC Cybersecurity
- SEC Investment Adviser Compliance
- SEC NEWS
- SEC Rules
- SEC Staff Bulletin
- Securities Exchange Act
- Share Class Selection
- Social and Governance (ESG)
- Social Media
- Social Media White Paper
- Solicitation
- Standards of Conduct
- State Investment Adviser Compliance
- Suitability
- Supervision Initiative
- Texas
- U.S. Treasury
- Uncategorized
- Violations
- Violations
- Voting
- Voting proxies
- Website
- Whistleblower
- Whistleblower Protection Rule
- Wrap fee
- Wrap Program
Recent Comments