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BB&T Securities Settles SEC Charges of Misleading Clients

March 12, 2019 by Eugene Grygo

BB&T Securities Settles SEC Charges of Misleading Clients

BB&T Securities and the SEC have settled charges that a firm acquired by BB&T’s parent company allegedly misinformed advisory clients that they were getting discounted full-service brokerage services internally “while significantly less expensive options were available externally,” according to the SEC. Ultimately, the agreement requires BB&T Securities to return “more than $5 million to retail… Read More >>

Filed Under: Securities Operations, Buy-Side, Case Studies, Corporate Actions, Industry News, Middle-Office, Operational Risk, Risk Management, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Regulatory Reporting, Industry News Tagged With: asset management, BB&T Securities, brokerage services, investment advisory, retirement planning, SEC, settlement, Valley Forge Asset Management

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