The runner-up financial phrase of 2013 is…

It was the year of the big fine—accompanied, in so many cases, by a phrase that beggars belief: “…without admitting or denying the allegations….”

Read: Second runner-up phrase of 2013

Industry players coughed up monumental sums. Regulators boasted of record-breaking enforcement. And yet no one—officially, at least—did anything wrong.

Thankfully, the tide seems to be turning, but it was a busy year for our runner-up financial phrase of 2013.

SEC charges RBS subsidiary with misleading investors

Heinz insider traders settle with SEC for $5M

SEC charges TD Bank and former exec for roles in Ponzi scheme

SEC busts former PM for forging docs and misleading CCO

Dozen charged in Chicago-based pump-and-dump scheme

SEC sanctions two firms for best execution failures

SEC charges CBOE for failing to prevent abusive short selling

SEC charges 2 advisors with misleading investors

SEC charges Florida couple with defrauding seniors

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.