SEC Penalizes Wells Fargo, LPL Financial $900,000 Each for Inaccurate Trading Data https://t.co/FM5XKw5sXy
Today we announced charges against two private companies and one registered investment adviser for failing to timely file Forms D for several unregistered securities offerings in violation of Rule 503 of Regulation D. For more: https://t.co/tDaoNnj4Wl https://t.co/iVi9oSZinG
FINRA Orders Three Firms to Pay Over $8.2 Million in Restitution to Customers https://t.co/OUMnKqR5Ss https://t.co/21FDxrrs1K
Six entities have agreed to pay ₹3.49 crore to settle a front-running trade case with the Securities and Exchange Board of India (SEBI). The settlement includes charges against Wells Fargo Clearing Services LLC and LPL Financial LLC, which were penalized $900,000 each by the SEC for failing to provide complete and accurate securities trading information, known as blue sheet data. Additionally, the Financial Industry Regulatory Authority (FINRA) has ordered three firms to pay over $8.2 million in restitution to customers. The SEC also announced charges against two private companies and one registered investment adviser for failing to timely file Forms D for several unregistered securities offerings, violating Rule 503 of Regulation D.