6/11/2014 – SEC ‘Drilling Down’ on Compliance Programs; Wedbush a ‘Critical Case’ (ThinkAdvisor)

The Securities and Exchange Commission’s Enforcement Director Andrew Ceresney said Wednesday that the division’s asset management unit and broker-dealer task force has been “drilling down” over the past year on firms’ compliance programs as well as being “very focused” on investment advisory fraud and making sure advisors are fulfilling their fiduciary duties.

Read the full article at ThinkAdvisor.