The charges against Lina Maria Garcia followed previous ones filed in June against UCB Financial Advisers and her partner, Ramiro Jose Sugranes, for a scheme that allegedly cost clients $5 million.
The SEC's and DOL's focus on cybersecurity provides challenges and opportunities for plan advisors.
Basing a product on the spot price of Bitcoin could violate securities rules because the market is too prone to abuse, according to the commission.
A new alert from the commission’s Division of Examinations found that many RIAs are miscalculating fees and often overcharging clients, risking enforcement actions.
A timeline of the past seven years of IRS policies, statements and actions on virtual currency.
CFP professionals may face a public censure if they do not report within 30 days certain information that could point toward possible misconduct.
Given the way many managed account programs are structured, an advisor could run afoul of the SEC without even realizing it.
During a panel discussion on the new rule’s impact, one securities attorney said the DOL's interpretation on what recommendations fell under ERISA fiduciary scrutiny was “more expansive” than ever.
The firm’s sanctions include $1.7 million in restitution for harmed customers.
