Alston & Bird’s Post

The U.S. Securities and Exchange Commission announced that it has charged 12 firms comprising broker-dealers, investment advisers, and one dually-registered broker-dealer and investment adviser for "widespread and longstanding failures" to maintain and preserve electronic communications. The charges stem from the firms' inability to retain business-related messages sent on personal devices, a practice the SEC refers to as "off-channel communications." #alternativeinvestments #brokerdealer #RIA #financialservices #adviser #brokerage #registeredinvestmentadviser #SEC #SecuritiesandExchangeCommission #WhatsApp #StifelNicolausandCompany #InvescoDistributors #CIBCWorldMarkets #GlazerCapital #QatalystPartners #offchannelcommunications #electroniccommunications

🚨 Important Update for Investors 🚨 #InvestmentNews #FinancialSector #LegalNews Merrill Lynch, along with their financial advisor Ronald Kummerer, is currently under scrutiny following significant allegations regarding unsuitable investment strategies. The situation has led the renowned investment fraud law firm Haselkorn & Thibaut to initiate a thorough investigation. Investors linked to Kummerer's advisement are advised to stay informed as the case progresses, considering the potential implications for their financial portfolios. For more detailed information, and steps on how to potentially safeguard your investments, click here: [Merrill Lynch and Ronald Kummerer Face Serious Financial Allegations: Investor Impact Ahead](https://lnkd.in/g9EcRex3) Stay tuned and ensure your investments are protected! 🛡️ #MerrillLynch #InvestmentAdvice #FinancialPlanning #InvestorProtection https://lnkd.in/g9EcRex3

In today’s Investment Management client alert, Lowenstein’s Scott Moss, Jeremy Cantor, and Erich J. Kaletka dissect the recent U.S. Securities and Exchange Commission settlement on 'off-channel communications,' highlighting compliance regulations for investment advisers and strategies to bolster firm policies and procedures. Read the full alert: https://bit.ly/3TR8v1f #investmentmanagement #securities #securitieslaw #regulatorycompliance #lawyers

pMerrill Lynch and financial advisor Ronald Kummerer are facing serious allegations of unsuitable investment strategies, prompting an investigation by the national investment fraud law firm Haselkorn & Thibaut. As the case unfolds, investors are left wondering about the potential impact on their portfolios and the steps they can take to protect their investments. According to /p pThe post a rel="nofollow" href="https://lnkd.in/g9EcRex3"Merrill Lynch and Ronald Kummerer Face Serious Financial Allegations: Investor Impact Ahead/a appeared first on a rel="nofollow" href="https://lnkd.in/e7UhQyyJ"Investment Fraud Lawyers/a./p

The U.S. Securities and Exchange Commission ("SEC") announced a new round of charges and settlements against sixteen firm's for failure to maintain and preserve electronic communications. The firms include five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers. The firm's agreed to pay combined civil penalties of more than $81 million. In their press release, the SEC stated that their investigations uncovered pervasive and longstanding uses of unapproved communication methods, known as off-channel communications, at all firms charged today. This is the latest round of charges against firm's for failure to maintain and preserve electronic communications, as the SEC progresses in its multi-wave sweep examination in this area. #sec #hedgefunds #privateequity #venturecapital #investmentadvisor #compliance #privatefunds

The U.S. Securities and Exchange Commission announced that it has charged Texas-based registered investment adviser Atom Investors LP with violating recordkeeping provisions for its failure to maintain and preserve off-channel communications – including personal text messages – that discussed firm business, investment recommendations, and trade executions. #alternativeinvestments #brokerdealer #RIA #financialservices #adviser #brokerage #registeredinvestmentadviser #SEC #SecuritiesandExchangeCommission #offchannelcommunications #AtomInvestors #violation #recordkeeping

Investor Protection Safeguarded: SEBI's Vigilant Action Against Unregistered Advisors #enforcementactions #financialintegrity #investmentadvisory #investorprotection #investortrust #RegulatoryCompliance #regulatoryframework #SEBI #securitiesmarket #unethicalpractices

SEC's $4 million penalty on an Investment Advisor sends a clear message! Steve Brown's latest blog explores the recent case, what happened, and the importance of documenting and enforcing policies to prevent misuse of MNPI. Read more: https://ow.ly/Gk3P30sCKHk #SEC #FinancialServices #MNPI #ComplianceOfficers

Alleged Investment Fraud: Broker Noah Kendrick Faces Customer Dispute : Investment fraud is a serious issue that can result in significant financial losses for the unprepared. In the financial world, a pending customer dispute regarding such conduct can send ripples through the industry. One such case is currently underway, involving a broker associated with Raymond James Financial Services, Inc., named Noah Kendrick. Unpacking the Allegation […] https://lnkd.in/epH3RjYn

As a financial advisor, your reputation is everything — but what happens when a minor oversight can lead to serious consequences? FINRA's recent shift toward focusing on smaller infractions has raised concerns among industry experts. Read our latest industry insight for our analysis and guidance. #FINRA #regulatorycompliance #financialadvisor #advisorlaw #investorprotection