After eight years of litigation with the Securities and Exchange Commission, including a successful U.S. Supreme Court challenge to the appointment process for SEC administrative law judges, the onetime “Buckets of Money” radio host Raymond Lucia has reached a settlement with the commission. The deal announced Tuesday requires Lucia to pay a penalty of $25,000…

Phyllis Borzi, the former assistant secretary of Labor in the Obama administration, criticized some financial services advocacy organizations, including the Financial Services Institute (FSI), for a recent petition arguing that the Securities and Exchange Commission’s Share Class Selection Disclosure Initiative was a form of “regulation by enforcement.” Read the full article   TweetShareShare0 Shares

New Civil Liberties Alliance, the civil rights organization and law firm suing the city of Coral Gables over its use of license plate readers, has taken aim at the city of Marco Island over its plans to put readers on the S.S. Jolley and Goodland bridges. In a letter sent to the City Council, Police…

After a 10-year battle including a Supreme Court case in which he prevailed over the Securities and Exchange Commission, former RIA Raymond Lucia Sr. and his former advisory firm, Raymond J. Lucia Cos., agreed Tuesday to settle charges related to the marketing of their “Buckets of Money” retirement investing strategy. Lucia will pay a $25,000…

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A former investment adviser who successfully argued before the U.S. Supreme Court that the administrative law judge in his U.S. Securities and Exchange Commission proceedings was appointed unconstitutionally has agreed to pay $25,000 to settle his case with the SEC, ending eight years of litigation, according to Tuesday SEC filings. Read the full article  …