Carl Ayers

The errors in LPL's EBS submissions were caused, in large part, by coding issues in LPL's and/or its vendors' EBS reporting systems

The complaint also alleged that Matson operated the program as a Ponzi scheme, using investor funds to pay promised returns to earlier investors

"The rule the Commission is adopting today increases, for the largest broker-dealers, the frequency at which they must perform the reserve calculations"

"The adoption of the final amendments has been rushed in an apparent attempt to be promulgated prior to the end of the Biden Administration"

"Today's amendments would change this requirement for the largest broker-dealers to daily computation rather than weekly"

The adviser failed timely to distribute audited financial statements prepared in accordance with GAAP to investors in pooled investment vehicles that it advised

Deutsche Bank Securities took more than two years to file SARs where the underlying AML investigation and subsequent SAR filing were prompted by receipt of law enforcement or regulatory requests

This new CFTC final rule requires a futures commission merchant to ensure a customer doesn't withdraw funds from its account with the FCM if the balance in the account after the withdrawal would be insufficient to meet the customer's initial margin requirements

The SEC adopts changes to the B-D net capital rule and customer protection rule to permit certain B-Ds that perform a daily reserve computation for accounts of customers to reduce aggregate debit items by 2% rather than 3%

The adviser made false and misleading claims about its investment strategies and their performance, failed to present net performance information alongside gross performance, and was unable to substantiate performance claims