Securities Division
Enforcement Actions
Secretary Galvin Fines NEXT Financial Group $150,000 over Unsuitable Sales
December 26, 2019
Secretary Galvin Charges Insurance Salesman Who Convinced Seniors to Liquidate Retirement Savings
December 18, 2019
Secretary Galvin Charges Company that Convinced Seniors to Liquidate Retirement Funds and Purchase Precious Metals
December 3, 2019
Secretary Galvin Fines Morgan Stanley and Orders It to Pay Back Investors
October 30, 2019
Secretary Galvin Fines Wellesley Investment Adviser over Conflicts of Interest
September 24, 2019
Secretary Galvin Charges North Andover Man In Connection with Over $5 million in Unregistered Securities to 33 Investors
September 17, 2019
Secretary Galvin Charges Former Agent who Sold Fraudulent Securities and Pocketed Proceeds
September 11, 2019
Secretary Galvin Orders Broker-Dealer StockCross and its Agent, Peter Cunningham, to Offer Restitution in Connection with Short-Term Trades to Increase Commissions
September 3, 2019
Secretary Galvin Fines Wells Fargo $450,000 Over Unregistered Agents and Supervisors
August 26, 2019
Secretary Galvin Charges Florida Woman in Nationwide Cryptocurrency Scam
July 11, 2019
Secretary Galvin Fines LPL Financial $1.1 Million Over Unregistered Agents and Late Filings
June 26, 2019
Secretary Galvin Charges Holyoke Man in Connection with Marijuana Sweep
June 19, 2019
Secretary Galvin Charges Boston Company with Scamming Employees in Nearly $10 Million Recruitment Scheme
June 14, 2019
Secretary Galvin Charges Illinois Man in Multi-State Real Estate Investment Scheme
June 10, 2019
Secretary Galvin Charges Broker-Dealer Over Inappropriate Mutual Fund Sales That Drove Up Commissions
May 7, 2019
Secretary Galvin Charges Investment Adviser over Failed Medical Marijuana Scheme
April 17, 2019
Secretary Galvin Charges Local Advisers who Gambled Client Money Away on Risky Investments
March 20, 2019
Secretary Galvin Charges Investment Adviser with Misappropriating Funds from Massachusetts Retiree
February 21, 2019
Secretary Galvin Fines North Shore Investment Adviser over Real Estate Scheme
February 19, 2019
Secretary Galvin Charges Royal Alliance in Connection with Unsuitable Investment Advice
January 22, 2019
Secretary Galvin Fines Summit Equities over Handling of Customer Personal Information
December 27, 2018
Secretary Galvin Charges Cape Adviser With Running a Scheme Which Overcharged Clients
December 19, 2018
Secretary Galvin Fines Metlife $1 Million, Orders Payments to be Made to Retirees
December 18, 2018
Secretary Galvin Fines AirFox $100,000 for Unregistered Initial Coin Offering
November 16, 2018
Secretary Galvin Orders SII to offer restitution in connection with Non-Traded REITs
September 7, 2018
Secretary Galvin Orders Broker-Dealer to Provide Restitution to Massachusetts Investor
August 24, 2018
Secretary Galvin Charges Broker-Dealer with Making Short-Term Trades to Increase Commissions
August 14, 2018
Secretary Galvin Brings Charges in Local Real Estate Scheme
August 1, 2018
Secretary Galvin Charges Easton Investment Adviser with Misleading Customers Regarding Disciplinary History
July 24, 2018
Secretary Galvin Sanctions Broker Dealer Infinex Investments for Selling to Seniors on Bank Premises
July 19, 2018
Secretary Galvin Charges Lincoln Man with Defrauding Massachusetts Investors
July 12, 2018
Secretary Galvin Charges MetLife with Fraud in Connection with Failure to Make Pension Payments
June 25, 2018
Secretary Galvin Participates in Coordinated International Cryptocurrency Crackdown
May 21, 2018
Secretary Galvin Issues Orders in Connection with ICO Cryptocurrency Sweep
March 27, 2018
Secretary Galvin Charges Peabody Private Equity Investment Fund with Ponzi Scheme
March 15, 2018
Secretary Galvin Charges Scottrade, Inc. in Connection with the Fiduciary Rule
February 15, 2018
Secretary Galvin Charges North Shore Investment Adviser With Real Estate Scheme
February 14, 2018
Secretary Galvin Charges Brookline Man in Initial Coin Offering Cryptocurrency Scheme
January 17, 2018
Enforcement Actions Archives (2012-2017)
-
News and Updates
Secretary Galvin Comments in Connection with the SEC’s Proposed Regulation Best Interest (PDF)
Secretary Galvin Opens Investigation Into Wells Fargo Advisors (PDF)
Secretary Galvin Locates Hundreds of Retirees
Owed Pension Payments by Metlife, Expands Investigation (PDF)
Secretary Galvin Warns About Bitcoin Mania (PDF)
Secretary Galvin Blasts S.E.C. Commissioner Over Fiduciary Rule Criticism (PDF)
House Financial Services Financial CHOICE Act of 2017. Secretary Galvin Urges Preservation of State Enforcement Authority (PDF)
Secretary Galvin's Statement on Trump Administration on Fiduciary Rule (PDF)
Secretary Galvin Issues Findings on Firms Hiring Bad Brokers - Warns Broker-Dealers who fail to Self-Police
Report on Survey Regarding the Implications of the Department of Labor's Fiduciary Rule and Best Interest Contract Exemption on Massachusetts-Registered Investment Advisers (PDF)
Massachusetts Securities Division Issues Policy Statement State Registered Investment Advisers' Use of Third Party Robo-Advisers (PDF)
Massachusetts Securities Division Issues Policy Statement Robo-Advisers / Fiduciary Standards (PDF)
Massachusetts Securities Division Request for Public Comments on Proposed Regulations
New Massachusetts Crowdfunding Regulation and Summary and Highlights
2016 Renewals for Investment Adviser and Investment Adviser Representative Registrations, Notice Filers and Exempt Reporting Advisers
(PDF)
-
Enforcement Section
Registration, Inspections, Compliance, and Examinations Section (RICE)
-
Corporate Finance Section
-
Investor Information