The U.S. Securities and Exchange Commission (SEC) is set to collect $63.1 million in fines from nine investment advisers and three broker-dealers over the use of unapproved communication methods. The SEC says the 12 Wall Street firms violated recordkeeping statutes of federal securities laws after their employees, including supervisors and managers, used off-channel communication methods […]
The post $63,100,000 Penalty Hits 12 Financial Giants, Including Charles Schwab and Santander, As SEC Issues Major Enforcement Action appeared first on The Daily Hodl.
