Category: Broker-Dealers

Broker-Dealers are financial intermediaries that facilitate the buying and selling of securities for clients and their own accounts. Acting as brokers, they execute trades on behalf of clients, earning commissions or fees, while as dealers, they buy and sell securities for their own portfolios, aiming to profit from price fluctuations. Broker-dealers are regulated by entities such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) to ensure compliance with financial regulations and protect investors. They play a crucial role in maintaining market liquidity and efficiency, providing access to various investment products and services for individual and institutional investors.

SEC-PR-2024-98

Ameriprise Financial Services LLC Apex Clearing Corporation BNY Mellon Securities Corporation Broker-Dealers Categories Cetera Advisor Networks LLC Cetera Investment Services LLC Cowen and Company LLC Cowen Investment Management LLC Edward D. Jones & Co. L.P. Epoch Investment Partners Inc. Federal News Sources First Trust Portfolios L.P. Great Point Capital LLC Haitong International Securities (USA) Inc. Hilltop Securities Inc. LPL Financial LLC News About Companies Osaic Services Inc. Osaic Wealth Inc. Pershing LLC Piper Sandler & Co. Raymond James & Associates Inc. RBC Capital Markets LLC Recordkeeping Failures Schoenfeld Asset Management LP SEC SEC-24 SEC-2408 TD Private Client Wealth LLC TD Securities (USA) LLC Truist Advisory Services Inc. Truist Investment Services Inc.

SEC-PR-2024-98 (Aug. 14, 2024) Twenty-Six Firms to Pay More Than $390 Million Combined to Settle SEC’s Charges for Widespread Recordkeeping Failures – Three firms received credit for self-reporting and will pay reduced civil penalties The Securities and Exchange Commission today announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread […]

SEC-PR-2024-96

Broker-Dealers Categories Federal News Sources News About Companies OTC Link LLC SEC SEC-24 SEC-2408 Suspicious Activity Reporting Failures

SEC-PR-2024-96 (Aug. 12, 2024) SEC Charges OTC Link LLC with Failing to File Suspicious Activity Reports (SAR) The Securities and Exchange Commission today announced charges against OTC Link LLC, a New York-based broker-dealer, for failing to file numerous reports of suspicious financial transactions, known as Suspicious Activity Reports (SARs), for a period of more than […]