SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Primarily Penny Stock Trades


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SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Primarily Penny Stock Trades
The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading,…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
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SEC Charges Unregistered Brokers that Facilitated more than $1.2 Billion in Primarily Penny Stock Trades

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The Securities and Exchange Commission today charged Jeffrey K. Galvani, Stuart A. Jeffery, and two New York-based entities they controlled with operating as unregistered broker-dealers that facilitated more than $1.2 billion of securities trading,…

Read the Full Press Release

Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

Morgan Stanley Advisors Leaving Over New Account Restrictions


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Morgan Stanley Advisors Leaving Over New Account Restrictions
Morgan Stanley is increasing its account minimum requirements for international clients and is set to close or suspend thousands of domestic and offshore wealth management accounts as part of a due diligence review, according to Citywire.
The firm informed staff on Tuesday morning that accounts with less than $5m currently awaiting review by its due diligence team will be closed while accounts above this threshold would be subject to a slew of trading restrictions, according to a number of sources familiar with the changes.
For more information see http://citywire.com/americas/news/morgan-stanley-closes-accounts-and-ups-int-l-minimums-amid-due-diligence-review/a2402014
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https://seclaw.blogspot.com/2022/11/morgan-stanley-advisors-leaving-over.html

Morgan Stanley Advisors Leaving Over New Account Restrictions

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Morgan Stanley is increasing its account minimum requirements for international clients and is set to close or suspend thousands of domestic and offshore wealth management accounts as part of a due diligence review, according to Citywire.
The firm informed staff on Tuesday morning that accounts with less than $5m currently awaiting review by its due diligence team will be closed while accounts above this threshold would be subject to a slew of trading restrictions, according to a number of sources familiar with the changes.

SEC Charges S&P Global Ratings with Conflict of Interest Violations


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SEC Charges S&P Global Ratings with Conflict of Interest Violations
The Securities and Exchange Commission today charged S&P Global Ratings, a nationally recognized statistical rating organization (NRSRO) registered with the Commission, with violating conflict of interest rules designed to prevent sales and marketing…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
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SEC Announces Enforcement Results for FY22

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The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 percent increase over…

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Have a securities law question? Call New York Securities Lawyers at 212-509-6544.

SEC Announces Enforcement Results for FY22


Posted on by

SEC Announces Enforcement Results for FY22
The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 percent increase over…

Read the Full Press Release
Have a securities law question? Call New York Securities Lawyers at 212-509-6544.
#securitiesattorney