Division of Enforcement

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  CBOE to Pay $6M Fine to SEC Over Regulatory ‘Breakdowns’

  By Melanie Waddell, AdvisorOne  |  June 11, 2013

  The CBOE was charged with various violations, including a “failure to enforce or even fully comprehend” rules to prevent abusive short selling.

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  Nasdaq to Pay SEC $10M Over Botched Facebook IPO

  By Melanie Waddell, AdvisorOne  |  May 29, 2013

  The SEC on Wednesday charged Nasdaq with violations resulting from “poor systems and decision-making” during the IPO and secondary trading of Facebook shares.

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  SEC Charges Raj Rajaratnam’s Brother With Insider Trading

  By Melanie Waddell, AdvisorOne  |  March 22, 2013

  Rajarengan “Rengan” Rajaratnam was charged by the SEC Thursday for his role in the massive Galleon insider trading scheme.

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  CFP Board Hires Cranford as New Lobbyist

  By Melanie Waddell, AdvisorOne  |  March 18, 2013

  The CFP Board has beefed up its lobbying power by hiring Todd Cranford, who advised former Rep. Barney Frank, D-Mass.

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  What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing

  By David Tittsworth, IAA  |  March 18, 2013

  What are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.

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  SEC Charges Illinois With Pension Funding Fraud

  By Melanie Waddell, AdvisorOne  |  March 11, 2013

  The SEC on Monday charged the state of Illinois with securities fraud for misleading municipal bond investors about the state’s approach to funding its pension obligations.

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  SEC Finds Significant Custody Violations

  By Melanie Waddell, AdvisorOne  |  March 4, 2013

  The SEC issued Monday a risk alert on compliance with its custody rule for investment advisors as well as an investor bulletin about the rule.

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  SEC Charges Former Jefferies Exec With MBS Fraud

  By Melanie Waddell, AdvisorOne  |  January 28, 2013

  The SEC on Monday charged a former executive at New York-based broker-dealer Jefferies & Co. with defrauding investors while selling mortgage-backed securities in the wake of the financial crisis.

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  SEC’s Top Cop, Khuzami, to Leave

  By Melanie Waddell, AdvisorOne  |  January 9, 2013

  The SEC’s top cop, Robert Khuzami, plans to leave the agency later this month after four years as its enforcement director, the SEC announced Wednesday.

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  Vow to Fight SEC Charges From Ex-Morgan Keegan Fund Directors

  By Melanie Waddell, AdvisorOne  |  December 12, 2012

  Eight former independent directors, who were charged by the SEC with overstating the value of their securities as the housing market was collapsing in 2007, say they will “vigorously” contest the charges.