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United States Securities and Exchange Commission v. Western International Securities, Inc. et al
Case Number:
2:22-cv-04119
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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July 31, 2024
SEC Settles Reg BI Case Against Calif. Broker-Dealer
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.
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June 16, 2022
SEC Takes First 'Reg BI' Action Against Calif. Broker-Dealer
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.