July 31, 2024
The U.S. Securities and Exchange Commission announced Wednesday it has agreed to settle allegations that Western International Securities Inc. sold more than $13 million in high-risk debt securities to those with lower risk profiles, marking the potential end of a first-of-its kind enforcement action claiming violations of Regulation Best Interest.
June 16, 2022
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.