Skip to Primary Navigation

Skip to main content

SEC brings RegBI action against dually registered firm for flouting rule’s care obligations

Image of a broker watching order flow on computer screens.
Photo: Spencer Platt/Getty Images

Julie DiMauro

4 min read
 Click to share on Facebook (Opens in new window/tab) Click to share on Twitter (Opens in new window/tab) Click to share on LinkedIn (Opens in new window/tab) Click to share on WhatsApp (Opens in new window/tab)

SEC alleges the firm and representative failed to exercise reasonable diligence, care, and skill in making recommendations.

The SEC brought a cease-and-desist order against LifeMark Securities Corp, settling the matter with the company without requiring admissions or denials, based on LifeMark’s alleged violation of the SEC’s Regulation Best Interest (RegBI) rules. The company is headquartered in Rochester, NY, as a dually registered broker-dealer and investment adviser

This

, , , , , ,