Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
According to the Justice Department, Jeffrey N. Crossland conspired to defraud four churches and a real estate development company of more than $3.5 million.
The Crypto Asset and Cyber Unit will increase to 50 positions; Commissioner Hester Peirce questioned why the commission was 'leading with enforcement in crypto?'
According to the commission, Alexandra H. Cock and her firm, Wealth Plus, raised more than $2.5 million in securities in two real estate investment management companies that defrauded investors of millions of dollars.
James Iannazzo was granted entry into an accelerated rehabilitation program which places him under supervision for one year, after which the charges against him will be dismissed.
The $3.6 billion HighPoint Advisor Group agreed to pay more than $760,000 and will also help return funds to harmed clients, according to the SEC order.
