Tag: Guggenheim

Over $81 Million in Fines for Recordkeeping Failures: A Sweeping SEC Enforcement Action!

SEC tamir - February 11, 2024

The U.S. SEC has levied fines exceeding $81 million against a group of 16 financial firms for substantial recordkeeping lapses. These firms, encompassing five broker-dealers, seven entities dual-registered as broker-dealers and investment advisers, along with four affiliated investment advisers, have admitted to failing to maintain and preserve electronic communications as mandated by federal securities laws.

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