SEC Hits 11 Firms With $88 Million in Penalties for Off-Channel Communications
Stifel, Nicolaus & Co. and Invesco each agreed to pay $35 million to settle charges that they failed to record employee communications on unapproved communications channels.
SEC Issues $88 Million Fine Against 12 Firms for Record-Keeping Failures
The Securities and Exchange Commission said 12 firms agreed to pay combined civil penalties of $88.3 million for violating recordkeeping provisions as required by federal securities laws.
SEC Charges 12 Financial Firms for Recordkeeping Failures
The firms will pay a total of $88.2 million in civil penalties.
Stiffel, Invesco Among Firms Fined $88M For Off-Channel Messaging
In August, more than two dozen firms, including Ameriprise Financial Services, Edward D. Jones & Co., LPL Financial and Raymond James & Associates, paid $393 million in fines to settle SEC off-channel recordkeeping charges.
Wall St Firms to Pay Combined $100 Million for Record-Keeping Violations
(Reuters) - Eleven broker-dealers and investment advisers have agreed to pay fines of more than $88 million to resolve allegations they failed to keep proper records of electronic communications, U.S. regulators' latest in a series of such enforcement actions, the U.S. Securities and Exchange Commission announced Tuesday.
Stifel, Invesco Among 11 Firms Paying $88M To Settle SEC Off-Channel Comms Charges
According to SEC Enforcement Director Gurbir Grewal, Qatalyst Partners did not have to pay a monetary penalty because it self-reported the results of its investigation.
SEC fines 11 companies more than $88 million over record-keeping violations
Eleven broker-dealers and investment advisers have agreed to pay fines of more than $88 million to resolve allegations they failed to keep proper records of electronic communications, U.S. regulators' latest in a series of such enforcement actions,
Eleven Firms to Pay More Than $88 Million Combined to Settle SEC's Charges for Widespread Recordkeeping Failures
September 24, 2024) - The Securities and Exchange Commission today announced charges against 12 firms, comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser,
Regs levy $120M in fines over off-channel comms with two firms avoiding penalties
Regulators continue to hammer firms with fines for violating rules regarding the use of unapproved communication methods by employees, issuing $120 million in fines this week. And for the first time,
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Stifel, Invesco Among 11 Firms Paying $88M To Settle SEC Off-Channel Communications Violations
According to SEC Enforcement Director Gurbir Grewal, Qatalyst Partners did not have to pay a monetary penalty because it self ...
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SEC Hits Stifel, Others With $88M in Texting Fines
The SEC’s crackdown on texting and the use of unauthorized messaging apps has continued with 12 municipal advisors being ...
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WhatsApp case raises question if firms can even comply with SEC rules, commissioners say
A pair of SEC commissioners say the treatment of the brokerage firm Qatalyst shows industry watchdogs expect nothing short of ...
CIBC, Invesco, Stifel Pay Millions to Settle WhatsApp Probes
US regulators levied more than $118 million in penalties against several financial firms for failing to keep employees’ ...
SEC charges 12 more financial firms in messaging/communications probe
MStudioImages/E+ via Getty Images The U.S. Securities and Exchange Commission's wide-sweeping investigation into ...
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SEC Postpones Decision on BlackRock and Bitwise Spot Ethereum ETF Options
The SEC has postponed its decision on Nasdaq’s proposed rule change to list and trade options on BlackRock’s iShares Ethereum ...