U.S. regulators cite Wells Fargo, BNP Paribas, over recordkeeping
After announcing a wave of such actions last September, the SEC launched new rounds of investigations into investment advisers and other broker dealers, Reuters was"Compliance with the books and records requirements of the federal securities laws is essential to investor protection and well-functioning markets. To date, the Commission has brought 30 enforcement actions and ordered over $1.
Reporting Chris Prentice in New York; Additional reporting by Susan Heavey and Doina Chiacu in Washington, Nivedita Balu in Toronto and Nupur Anand and Saeed Azhar in New York; editing by Bernadette Baum and Jason NeelyChris Prentice reports on financial crimes, with a focus on securities enforcement matters. She previously covered commodities markets and trade policy.
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