GWFS Equities Fined $1.5M For Failure To Report Suspicious Activity On Accounts
Harion Camargo, 08 June 2021
Thanks to its ‘significant’ cooperation with investigating authorities, and subsequent implementation of remedial measures, GWFS Equities Inc. (GWFS) appears to have been spared some embarrassment and possibly stiffer penalties as the Securities Exchange Commission (SEC) accepted its offer of a settlement.
Colorado-based GWFS is a subsidiary of Great-West Life & Annuity Insurance Company and services retirement plans sponsored by employers. It has been under investigation for violation of federal securities laws related to filing reports of suspicious activities. Continue reading “Article: GWFS Equities Fined $1.5M For Failure To Report Suspicious Activity On Accounts”
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