SEC Charges 10 Firms with Widespread Recordkeeping Failures

The firms admitted the facts set forth in their respective SEC orders and acknowledged that their conduct violated recordkeeping provisions of the federal securities laws. The firms agreed to …

$390
OFF

SEC Imposes $390M In Fines In Crackdown On Shoddy Record …

2 weeks from now

Aug 15, 2024 · In September 2023, the agency charged Robert W. Baird & Co., William Blair & Company, Nuveen Securities and seven other firms with record-keeping failures, imposing …

cfodive.com

$79
OFF

SEC Charges Ten Firms With Recordkeeping Failures And Fines …

2 weeks from now

Oct 4, 2023 · The targeted firms agreed to pay $79 million in combined penalties and retain independent compliance consultants to, among other things, conduct comprehensive reviews …

mondaq.com

$63
OFF

Twelve Firms To Pay More Than $63 Million Combined To Settle …

2 weeks from now

1 day ago · The firms admitted the facts set forth in their respective SEC orders, acknowledged that their conduct violated recordkeeping provisions of the federal securities laws, agreed to …

sec.gov

$12
OFF

Schwab, Blackstone Among Firms Fined In SEC Communications …

2 weeks from now

The individual penalties ranged from $12 million to $600,000, the latter substantially lower than the other fines because the firm in question, PJT Partners, came forward and self-reported its ...

msn.com

$100
OFF

Wall St Firms To Pay Combined $100 Million For Record-Keeping …

2 weeks from now

Sep 24, 2024 · (Reuters) -More Wall Street firms have agreed to pay a combined $100 million to settle charges from U.S. regulators that they violated regulations by failing to prevent the use …

usnews.com

$390
OFF

Twenty-Six Firms To Pay More Than $390 Million Combined To …

2 weeks from now

The firms agreed to pay a total of $392.75 million in civil penalties. Penalties Imposed and Self-Reporting Incentives. While all firms involved have faced substantial penalties, three firms …

seclaw.com

$63
OFF

More Wall Street Firms Settle US SEC Charges Over Record-Keeping

2 weeks from now

2 days ago · WASHINGTON (Reuters) - Wall Street firms including Blackstone, Apollo Capital Management and Carlyle have agreed to pay more than $63 million for violating U.S. …

usnews.com

$79
OFF

SEC Fines 10 Firms A Combined $79 Million In Ongoing …

2 weeks from now

Oct 2, 2023 · The Securities and Exchange Commission announced charges against five broker-dealers, three dually registered broker-dealers and investment advisers, and

thediwire.com

$63
OFF

SEC Fines Firms $63M In Latest Effort To Stop Off-channel ...

2 weeks from now

1 day ago · Investment firms hit with SEC fines for off-channel communications. Carl Court via Getty Images Dive Brief: Charles Schwab, KKR, Blackstone, Apollo and Carlyle are among a …

legaldive.com

$79
OFF

SEC Fines Ten Firms $79 Million Over Recordkeeping Violations

2 weeks from now

The latest enforcement action follows similar actions by the SEC against eleven Wall Street firms in August, which resulted in collective fines of $549 million. This ongoing crackdown by the …

investing.com

$63
OFF

SEC Reaches $63 Million Settlement With 12 Firms Over …

2 weeks from now

Twelve firms will pay a combined $63.1 million to resolve allegations from the Securities and Exchange Commission that they failed to properly keep records. Each firm used unapproved …

wsj.com

$79
OFF

SEC Drops New Wave Of WhatsApp Fines On BDs, Advisory Firms

2 weeks from now

Sep 29, 2023 · The following firms agreed to pay combined penalties of $79 million and have begun implementing improvements to their compliance policies and procedures to address …

thinkadvisor.com

$45
OFF

SEC Fines Robinhood $45 Million In Settlement Of Securities Law …

2 weeks from now

1 day ago · Robinhood has agreed to a $45 million settlement with the U.S. Securities and Exchange Commission (SEC) following allegations of violating multiple securities laws.

yahoo.com

FAQs about SEC Charges 10 Firms with Widespread Recordkeeping Failures Coupon?

Who agreed to pay SEC penalties?

The other firms who agreed to penalties are: Stifel, Nicolaus & Company to pay $35 million to SEC Invesco units to pay a $35 million to SEC Glazer Capital, LLC to pay $2 million to SEC Intesa Sanpaolo IMI Securities Corp. to pay $1.5 million to SEC Canaccord Genuity LLC to pay $1.25 million to SEC Regions Securities LLC to pay $750,000 to SEC ...

What did the SEC say about the settlements?

As part of the settlements announced on Monday, the firms acknowledged their conduct violated record-keeping provisions, and have begun implementing improvements to their compliance policies and procedures, the SEC said. The firms are: ...

Who will pay a $325,000 penalty?

Intesa Sanpaolo IMI Securities Corp. to pay $1.5 million to SEC Canaccord Genuity LLC to pay $1.25 million to SEC Regions Securities LLC to pay $750,000 to SEC Alpaca Securities LLC to pay $400,000 to SEC Focused Wealth Management, Inc. to pay $325,000 penalty (Reporting by Douglas Gillison and Chris PrenticeEditing by Marguerita Choy) ...

What did the SEC discover about off-Channel Communications?

The SEC’s investigations announced Friday uncovered “pervasive and longstanding off-channel communications” use at all of the firms. The following firms agreed to pay combined penalties of $79 million and have begun implementing improvements to their compliance policies and procedures to address these violations: ...

How much does a company pay for a compliance violation?

The firms agreed to pay combined penalties of $79 million as outlined below and have begun implementing improvements to their compliance policies and procedures to address these violations. ...

Which Blackstone firms have been fined the most for wrongdoing?

Each of the firms cited in the most recent enforcement actions admitted wrongdoing in settling the allegations. The SEC levied the largest fine on three Blackstone entities: Blackstone Alternative Credit Advisors, Blackstone Management Partners, and Blackstone Real Estate Advisors. ...