Former executive also ordered to pay US$43.7 million in disgorgement
SEC also enjoyed a record level of co-operation in its enforcement efforts
The agency reports enforcement action and sanctions surged in 2019
Tougher rules target proxy solicitation and shareholder proposals
Proposals are out for a 60-day comment period
The SEC alleges investors were required to sign agreements stating they would not report securities violations
Certain ETFs won’t be subject to the cost and delay of an exemptive order
Founder and CEO says he will fight until 'we don't have a dollar left'
The firm failed to review inactive accounts and also overcharged clients, the SEC found
Eight U.S. state attorneys general say the new broker conduct rule waters down investor protections