Defendant Name: Truist Advisory Services, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 34-102352

Document Details

Legal Case Name In the Matter of Truist Securities, Inc.; Truist Investment Services, Inc.; and Truist Advisory Services, Inc.
Document Name Order Granting Extension of Time
Document Date 05-Feb-2025
Document Format Administrative Proceeding
File Number 3-22000
Allegation Type Broker Dealer
Document Summary The Commission ordered that: "the Division shall file its response to the respondents' motion by February 13, 2025."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
The Commission ordered that: "the Division shall file its response to the respondents' motion by February 13, 2025."

Related Documents:

34-100703 14-Aug-2024 Administrative Proceeding
Order Instituting Administrative and Cease-and-Desist Proceedings, Pursuant to Sections 15(b) and 21C of the Securities Exchange Act of 1934 and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940, Making Findings, and Imposing Remedial Sanctions and a Cease-and-Desist Order
On August 14, 2024, the SEC instituted administrative and cease-and-desist proceedings against Truist Securities, Inc., Truist Investment Services, Inc., and Truist Advisory Services, Inc., stating: "These proceedings arise out of Truist’s identification—and self-report—of widespread and longstanding failures of certain Truist employees, including at senior levels, to adhere to certain of these essential requirements and Truist’s own policies. Using their personal devices, these employees communicated both internally and externally by personal text messages or WhatsApp, which were not approved written communications platforms (“off-channel communications”)."
2024-98_3-22000 14-Aug-2024 Press Release--Administrative Proceeding
Twenty-Six Firms to Pay More Than $390 Million Combined to Settle SEC's Charges for Widespread Recordkeeping Failures
On August 14, 2024, the SEC "announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and their personnel to maintain and preserve electronic communications."
34-102860_3-22000 14-Apr-2025 Commission Order and Opinion
Order Denying Motions To Modify Or Amend And Stay Settled Orders
On April 14, 2025, the SEC denied Respondents' motions to modify settled orders on off-channel communications, stating that the Respondents do not make the showing necessary to modify the Settled Orders and rely on inapposite or inapplicable Commission authority.