NEWS & GUIDANCE
The client was sharp enough to warn his adviser that his e-mail had been hacked “and to be on the lookout” for a fraudulent request to move his funds.   Two days later, that request came via e-mail. The FBI instructed the adviser “to just play along” in hopes of smoking out the suspect, recalled Ja...
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Consultants performing mock exams are dialed in to the SEC’s most recent document request letters and the regulator’s specific records sought (IA Watch, Aug. 11, 2014). Publicly stated exam priorities – through speeches, division guidance and risk alerts – are also mined to determine the hot topics...
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After the SEC last year charged Timbervest ($1.1B in AUM) in Atlanta with improperly splitting undisclosed commissions (IA Watch, Sept. 30, 2013), the firm promised a vigorous defense. The legal fighting by the two sides led an SEC ALJ earlier this year to declare that things were “getting out of h...
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