The U.S. Securities and Exchange Commission today announced that Morgan Stanley Smith Barney LLC, a division of Morgan Stanley (NYSE:MS), has agreed to pay a $1 million penalty to settle charges related to its failures to protect customer information, some of which was hacked and offered for sale online. The SEC issued an order finding…
Read moreContinuing its crackdown on money laundering issues at brokerage firms, the U.S. Securities and Exchange Commission (SEC) charged a Wall Street-based brokerage firm with failing to sufficiently evaluate or monitor customers’ trading for suspicious activity as required under the federal securities laws. An SEC investigation found that Albert Fried & Company failed to file Suspicious Activity…
Read moreThe US Securities and Exchange Commission (SEC) today confirmed LeapRate's earlier report (from February 26) that it had reached an $11 million settlement with unregistered binary options broker Banc de Binary. However the SEC noted that some impersonators claiming to be affiliated with the SEC or other government agencies have recently been contacting harmed investors…
Read moreUS authorities get $30 million from the first of a number of defendants who used hacked press releases to get inside information and profit from CFD trading.
Read moreBrian Williamson has misrepresented a fund’s internal rate of return 10 times from 3.8 to 38.3% US Securities and Exchange Commission has issued a statement detailing its settlement with formar portfolio manager from Oppenheimer & Co. Brian Williamson. The regulator has imposed a permanent ban from the securities industry and the defendant will pay $100,000…
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