Cheers on a Tuesday (Friday is right around the corner… says the positive optimist in me, lol)
The SEC issued some pretty hefty fines in September, click here for detailed press releases on the SEC website.
Enforcemnt fines due to: Disclosure failures regarding mutual fund share class selection practices (17 Investment Advisors), Unregistered ICO and broker activity (Blockchain companies), Failure to disclose conflicts of interest (BMO Advisers), Misleading investors (Fiat Chrysler, Herbalife, Marvell Technology), Accounting failure (Mylan N.V. pharmaceutical company), Improperly charging retail investors (Raymond James), Deficient blue sheet data (two broker-dealers), Violating auditor independence rules and improper conduct (PricewaterhouseCoopers LLP).
Have a great week and stay ahead of compliance, it’s imperative.
Sonja Rae @ RIA-CCO
