Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Today we charged Connecticut-based investment adviser Navy Capital Green Management, LLC with making misrepresentations related to its anti-money laundering procedures and for compliance failures. https://t.co/V6MGH8PCV6 https://t.co/x4VUJYBgBl
Today we announced settled charges against three investment adviser representatives for acting as unregistered brokers in selling membership interests in LLCs that purported to invest in shares of pre-IPO companies. https://t.co/uQvHBppROW https://t.co/45zUL4ErHl
We announced charges against nine investment advisers and three broker-dealers for failures by the firms and their personnel to maintain and preserve electronic communications, in violation of recordkeeping provisions of the federal securities laws. https://t.co/uToOBKYkwM https://t.co/0s4OeUacJ9
BMO Capital Markets has agreed to pay $40 million to resolve an investigation by the U.S. Securities and Exchange Commission (SEC) concerning its supervision of mortgage-backed bond sales. The SEC stated that the brokerage firm failed to adequately supervise its employees, who provided misleading information regarding the bonds. This settlement follows the SEC's charges against BMO for using inaccurate offering sheets and bond metrics that did not correctly describe the collateral backing the bonds sold to U.S. clients. The investigation highlights ongoing concerns about compliance and supervision within the financial sector.
