The Securities and Exchange Commission is continuing to penalize broker-dealers and related registered investment advisers over a lack of full disclosure about conflicts related to fund sales. Last week it reached a settlement with MML Investors Services for $2.1 million ...

Crown Capital Securities, a midsize broker-dealer with 350 financial advisers, is potentially facing a $1.38 million penalty from the Securities and Exchange Commission due to sales of high-fee mutual funds, according to a recent filing with the SEC. The SEC launched ...