Three former brokers at an Atlanta investment firm churned client accounts and racked up $845,000 in commissions and fees for themselves and the brokerage while those customers lost $2.7 million, regulators said.
Association wants to make it easier for brokers to clean up their official records
But commission murky on verification of 'accredited investors'; comment period caused friction
Will delay decision on plan to allow public advertising of private placements
The SEC will not be passing an interim rule next week that would have let issuers of private securities, like hedge funds, immediately begin to make solicitations to the public.
Couglin, Harrison fined $50K each, suspended for two years; 27 firms that sold preferred shares have closed
Both on hold as House committee tries to reach consensus
Allegations in dropped lawsuit included misrepresentation of objectives, holdings and dividend policy
CEO Daniel Goodwin doesn't rule out legal action against Retail Properties of America Inc., which Inland formerly controlled.
Legislation that would narrow proposed Securities and Exchange Commission regulation of municipal advisers would require them to meet a fiduciary-duty standard of care, according to the bill's sponsors.
Carreno victorious in small-firm election; fended off enforcement action last year
Two weeks ago, Rep. Spencer Bachus said his SRO bill was on indefinite hold. But after his strident Op-Ed piece in Monday's WSJ, the issue is again front and center.
A veteran regulator who has been instrumental on issues involving the investment advisory sector is leaving the Securities and Exchange Commission.
