Division of Enforcement

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  Exclusive: Biggest SEC Enforcement Effort Is Advisor Misconduct

  By Melanie Waddell, AdvisorOne  |  June 5, 2012

  In exclusive interview, former SEC enforcement official Kaplan says agency had doubled actions against advisors to investment vehicles, especially private funds, with more scrutiny to come.

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  FINRA CEO: BrokerCheck Revamp Won’t Include Test Scores

  By Melanie Waddell, AdvisorOne  |  May 21, 2012

  At FINRA's annual conference, Richard Ketchum on Monday addressed concerns from brokers and advisors over test scores on the revamped BrokerCheck and other key issues.

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  SEC Names Canellos Deputy Director of Enforcement

  By Melanie Waddell, AdvisorOne  |  May 1, 2012

  The SEC has appointed George Canellos, the current director of its New York regional office, as deputy director of the Division of Enforcement.

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  SEC Enforcement Roundup: Egan-Jones Charged; H&R Block Arm to Pay $28 Million

  By Marlene Y. Satter, AdvisorOne  |  April 27, 2012

  The SEC this week announced several enforcement actions, which included charges brought against a ratings company and its owner and president and against a mortgage company, as well as a settlement reached in an insider trading case.

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  SEC Charges OptionsXpress in Naked Short Selling Scheme

  By John Sullivan, AdvisorOne  |  April 16, 2012

  The SEC on Monday charged the Schwab-owned online options firm optionsXpress, as well as four officials at the firm and a customer, in an alleged abusive naked short selling scheme.

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  SEC, Industry Experts Issue Stern Warnings to CCOs

  By Melanie Waddell, AdvisorOne  |  March 8, 2012

  Chief compliance officers received a number of stern warnings on Thursday during the Investment Adviser Association’s annual compliance conference just outside Washington.

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  Brookstreet CEO Fined $10 Million for Selling Risky CMOs to Seniors

  By Melanie Waddell, AdvisorOne  |  March 2, 2012

  A federal judge has ordered the former CEO of Brookstreet Securities to pay a $10 million penalty for selling risky and illiquid collateralized mortgage obligations to seniors during the financial crisis.

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  Social Media and You

  By Melanie Waddell, AdvisorOne  |  February 1, 2012

  Social media: Those two words have become ever present in our daily lives and it’s safe to say that, to some extent, a good portion of us use a social media outlet on a daily basis.

• SEC Changes Policy on Admission of Guilt in Fraud Cases

  By Melanie Waddell, AdvisorOne  |  January 9, 2012

  The new policy, according to the SEC, does not require admissions or adjudications of fact beyond those already made in criminal cases, but eliminates language that may be construed as inconsistent with admissions or findings that have already been made in the criminal cases.

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  SEC Charges Advisor With LinkedIn Fraud, Issues Social Media Alerts

  By Melanie Waddell, AdvisorOne  |  January 4, 2012

  The SEC on Wednesday charged an Illinois-based advisor with offering to sell fictitious securities on LinkedIn, and the agency also released three alerts warning advisors of the risks advisory firms and investors face when using social media.