On March 23, 2026, the Securities and Exchange Commission (“SEC”) released an order instituting cease-and-desist proceedings against Ally Invest Advisors, Inc. (“Ally Invest”), pursuant to its alleged violations of the Investment Advisers Act of 1940. Readers can access the SEC order here. The SEC alleges that Ally Invest, a wholly owned subsidiary of Ally Financial Inc., breached…
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On September 18, 2018, the SEC initiated a civil action (the “Complaint”) against Defendants World Tree Financial, LLC (“World Tree”), Wesley Kyle Perkins (“Perkins”), and Priscilla Gilmore Perkins (“Gilmore”). The Complaint alleges that Perkins and Gilmore, husband and wife owners of World Tree, engaged in a purported “cherry-picking” scheme. Specifically, the SEC has alleged that…
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