SEC Takes First 'Reg BI' Action Against Calif. Broker-Dealer
By Al Barbarino ( June 16, 2022, 4:27 PM EDT) -- The U.S. Securities and Exchange Commission said Thursday that California-based broker-dealer Western International Securities Inc. sold more than $13 million in high-risk debt securities to retirees and others whose risk profiles didn't match the investments, a first-of-its kind enforcement action claiming violations of Regulation Best Interest....
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