The Securities and Exchange Commission (SEC) has approved the final accounting for a distribution fund related to an enforcement action against Investmark Advisory Group LLC. This order authorizes the transfer of any unreturned or infeasible funds to the U.S. Treasury and officially terminates the distribution fund.
The Securities and Exchange Commission has approved the termination of the distribution fund related to the 2019 enforcement action against Saxony Capital Management, LLC. This order authorizes the transfer of all remaining unallocated funds from the fund to the U.S. Treasury.
The New York Department of Financial Services and several other state regulators have entered into a settlement agreement with NewRez LLC following a multi-state examination. This enforcement action addresses noncompliance with the Real Estate Settlement Procedures Act (RESPA) regarding lender-placed insurance procedures.
The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Select Money Management, Inc. This order authorizes the transfer of any remaining or future infeasible funds to the U.S. Treasury, effectively closing the administrative proceeding.
The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Kestra Advisory Services, LLC. This order authorizes the transfer of all remaining, infeasible funds from the fund to the U.S. Treasury.
The Securities and Exchange Commission has approved the termination of a distribution fund related to an enforcement action against Michigan Advisors, Inc. This order authorizes the transfer of all remaining, infeasible funds from the fund to the U.S. Treasury.
The Securities and Exchange Commission (SEC) has officially terminated the distribution fund related to a 2019 enforcement action against Folger Nolan Fleming Douglas Capital Management, Inc. This concludes the administration of disgorgement funds following the firm's previous disclosure failures regarding 12b-1 fees.
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