Annual Eversheds Sutherland Analysis of FINRA Disciplinary Actions Shows Huge Surge in Financial Sanctions

All information Quoted from the article https://us.eversheds-sutherland.com/NewsCommentary/Press-Releases/249220/Annual-Eversheds-Sutherland-Analysis-of-FINRA-Disciplinary-Actions-Shows-Huge-Surge-in-Financial-Sanctions?utm_source=vuture&utm_medium=email&utm_campaign=vuture-emails March 8, 2022 Eversheds Sutherland has completed its annual study of the disciplinary actions reported by the Financial Industry Regulatory Authority (FINRA) in 2021. By reviewing FINRA’s monthly disciplinary reports, press releases and online database, Eversheds Sutherland (US) Partners Brian L. Rubin and Adam C. Pollet found that in 2021 the amount of fines […]...

Published On - March 8, 2022

admin Anti Money Laundering, Compliance Management, IT Risk Management, Regulatory Fines, Trade Monitoring

Kestra pays $10m to settle SEC charges over mutual fund fee conflicts

The Securities and Exchange Commission (SEC) has fined two RIAs associated with Kestra Holdings more than $10m to settle charges that they failed to disclose conflicts of interest that incentivized them to place client assets into expensive mutual funds when cheaper options were available. The Commission found that since at least January of 2014, a […]...

Published On - July 15, 2021

admin Regulatory Fines

TIAA to Pay $97M for Pressuring Investors Into Rollovers

TIAA-CREF Individual & Institutional Services LLC, a subsidiary of Teachers Insurance and Annuity Association of America (TIAA), agreed Tuesday to pay the Securities and Exchange Commission $97 million in restitution to settle charges of inaccurate and misleading statements related to rollovers. TIAA was also charged with a failure to adequately disclose conflicts of interest to […]...

Published On - July 13, 2021

admin Regulators, Regulatory FinesTags: Regulatory Fines

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