White: SEC to take more enforcement action against advisors, brokers

10/10/2013 | InvestmentNews (free registration) · Point of Law Forum · Reuters

The Securities and Exchange Commission will use formal enforcement action more against financial advisors and brokers who make minor violations of securities rules, Chairman Mary Jo White says. "Minor violations that are overlooked or ignored can feed bigger ones and, perhaps more importantly, can foster a culture where laws are increasingly treated as toothless guidelines," she said.

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InvestmentNews (free registration) · Point of Law Forum · Reuters

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