Rio Tinto, Former Top Executives Charged With Fraud - The Securities and Exchange Commission today charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s...

State-level fines and penalties hit 5-year high - State-level fines and penalties hit 5-year high "The SEC has begun to work with the Department of Labor on a fiduciary rule proposal to harmonize the standards of conduct for advisors and broker-dealers, Jay Clayton, the agency's chairman, told...

More Morgan Stanley Questionable Terminations -   Our readers may have missed this article, since the headline does not point out the problem. AdvisorHub has an article regarding a shakeup in the Morgan Stanley offices in Virginia. Apparently there is another shift in Branch Office...

SEC Announces Whistleblower Award of More Than a Million Dollars - The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating documentation of a securities law violation by a...

Millennials Suffering From Financial Anxiety | PLANADVISER - Millennials will make up 75% of the work force by 2025, and $30 trillion in wealth may pass down to them, according to projections by Wells Fargo Asset Management. However, the firm also found that many in that group are still financially...

Lawyers Charged With Assisting a Microcap Fraud Scheme - The Securities and Exchange Commission today charged two lawyers it alleges helped facilitate a microcap fraud scheme involving undisclosed “blank check” companies secretly bound for reverse mergers. In complaints filed in the U.S. District Court...

SEC Files Charges in Snack Company Investment Scam - The Securities and Exchange Commission today charged three individuals who defrauded investors in a company that falsely claimed to be developing a caffeinated chocolate snack and nearing an acquisition by Monster Energy or Coca-Cola Co. The SEC’s...

SEC Proposes Rules to Implement FAST Act Mandate to Modernize and Simplify Disclosure - The Securities and Exchange Commission today voted to propose amendments to modernize and simplify disclosure requirements for public companies, investment advisers, and investment companies and to implement a mandate under the Fixing America's...

FINRA gets nod to streamline competency exams | On Wall Street - " A newly approved FINRA rule could result in more hiring within the industry. The SEC has approved FINRA’s proposal to streamline competency exams, eliminating past redundancies and offering greater opportunity for new and returning advisors. The...

Walter Jospin, Regional Director of the SEC’s Atlanta Office, to Leave the Agency - The Securities and Exchange Commission today announced that Walter E. Jospin, Regional Director of the agency’s Atlanta office, is leaving the agency.  Mr. Jospin will remain in his position until his successor is selected. “Walter and I met...

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