On July 31, 2024, the Securities and Exchange Commission (“SEC”) announced that it agreed to settle allegations that a California-based broker-dealer sold in excess of $13 million in “L bonds,” a ...

The Reg BI issues the firm faced five to six years ago have been resolved and are now in the past,” a company spokesperson wrote in an email. “David Lerner Associates remai ...

On August 11, 2025, the U.S. Securities and Exchange Commission (SEC) brought two settled administrative proceedings against a broker-dealer and one of its registered representatives for violations of ...

Former SEC attorneys are warning dual-registrant brokerage firms to brace for a crackdown over their recommendation of more expensive brokerage accounts—enforcement they say may rival the regulator’s ...

A broker-dealer's recent settlement of charges that it failed to look out for clients' interests is showing that acquisitions don't always just bring in new advisors and clients; they sometimes also ...

The SEC settled charges with two Laidlaw & Co. reps that they violated Regulation Best Interest by recommending frequent trades that boosted their commission at the expense of clients. The commission ...

The Securities and Exchange Commission warned brokerages Monday to expect tougher examinations for compliance with the new broker investment advice standard. In a statement released Monday by the SEC ...

The Securities and Exchange Commission has charged Thrivent Investment Management for violating the obligations in Regulation Best Interest when brokers for the firm recommended Class A mutual fund ...

TIAA-CREF Individual & Institutional Services (TC Services) will pay more than $2.2 million to settle Securities and Exchange Commission charges that it violated Regulation Best Interest when ...

The Securities and Exchange Commission has censured and fined a Syosset, New York–based broker-dealer over allegations that it violated its Regulation Best Interest related to mutual fund ...