Recently, the SEC filed an Enforcement Action against a former Wells Fargo Advisors Compliance Officer. According to the SEC, the Compliance Officer, Judy K. Wolf, was responsible for performing trading surveillance reviews to identify potential insider trading activity. Wolf ‘s September 2010 surveillance review of a particular employee’s trading found no issues. Apparently, in December […]

It has been reported that Oppenheimer & Co. (a subsidiary of Oppenheimer Holdings Inc.) is paying $20 million in civil settlements with U.S. regulators who accused the investment firm of improper sales of penny stocks and inadequate controls against money laundering. The facts reported are as follows: The investment firm agreed to pay $10 million […]

Mike Gropp is the co-founder of the BitBays Bitcoin exchange and is in charge of the company’s compliance to the ever-changing landscape of cryptocurrency law.  After working in the financial sector in California, Mike moved to Beijing in 2010 where he launched his own corporate training company focusing on sales, professional speaking, and negotiations.  While […]