The firm has agreed to pay a US$1.5-million penalty for failing to disclose benefits it paid on behalf of its former CEO, Miles Nadal
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards
The regulator, which published its list of priorities for 2018, will also examine wrap programs and the possible exploitation of senior investors
An alert stresses the importance for investors to understand the full impact of brokerage fees on their investment accounts
The whistleblower will receive more than US$900,000, meaning the SEC has awarded a total of 37 whistleblowers more than US$136 thus far
Andrew Ceresney’s departure is the latest among many, following chairwoman Mary Jo White and several other senior executives
The U.S. regulator has now distributed approximately US$135 million to 36 whistleblowers since issuing its first award in 2012
The regulator altered several aspects of the plan to adopt a consolidated audit trail in response to public comments and recommendations from the SROs
Under her leadership, the SEC has adopted a number of reforms to respond to the global financial crisis
The tipster enabled the SEC to bring an enforcement action against the culprit before most of the money could be lost, leading to an almost total recovery of investor funds