12 firms agreed to pay the fines to settle charges.
SEC says 10 separate provisions of the law were violated by two firms.
It marks the California based advisory network's 11th deal in 15 months.
FP Alpha and Morningstar provide fresh options to boost productivity.
The move follows a strong financial year for the New York based RIA.
The division has grown tenfold since its inception a decade ago.
Business leaders express are weighing potential financial impact.
Claimant wants to excavate a landfill facility to search for hard drive.
It follows a four year investigation by state regulators.
Concerns around stability have made second citizenships more attractive.
