The state's order is a step in negotiating a potential fine with the firm.
The advisor “failed to disclose multiple conflicts of interest and misappropriated client assets," the SEC said.
"Whatever we decide, someone's going to be potentially unfairly treated," Justice Sonia Sotomayor said during oral arguments Wednesday.
While promising to halt offshore wind projects, open up wild lands for drilling, and cull incentives for electric vehicles, Trump's first round of actions may not necessarily boost energy companies or hold back renewables, observers said.
The group led by Commissioner Hester Peirce will take input from within and outside the agency to create a clear regulatory framework for crypto assets.
The newly inaugurated Trump White House taps the contrarian commissioner as temporary head amid a slew of walk-outs from the agency.
The mutual fund titan harmed investors by failing to disclose risks relating to capital gains distributions in its retail target-date retirement funds, according to the SEC.
“These penalties are certainly significant enough to draw the big firms’ attention," one executive said.
SEC charges describe multiple failures in customer identification programs and shortfalls related to high-risk accounts linked to cannabis and foreign entities.
SEC says two firms breached their fiduciary duties and whistleblower rule.
Provisions of the Secure 2.0 Act took effect Jan. 1, but regulators only last week proposed rules to govern new automatic enrollment requirements for 401(k)s and other plans, as well as new quirks for catch-up contributions.
It's been an awful road for investors in GWG bonds.
12 firms agreed to pay the fines to settle charges.
SEC says 10 separate provisions of the law were violated by two firms.
Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and that could get the plaintiffs' bar quite interested in filing similar claims against 401(k) sponsors.
Newbridge Securities failed to supervise advisors using margin in clients’ accounts, according to Finra.
Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.
Company says the latest disclosure is not linked to off-channel communication issues.
A regulator has banned the Islamic investment firm's campaign calling for a "money revolution" after multiple complaints led to a finding that it caused serious offense.
The agreement puts an end to one of many Biden-era efforts to exert regulatory control over the cryptocurrency space.
