MTradecraft has no affiliation with M Holdings. We both just fancy the 13th letter of the English alphabet.
The SEC’s action against M Holdings is noteworthy, so let’s get into it.
On November 25, 2025, the SEC issued an order against M Holdings, a dually registered broker-dealer and SEC-registered investment adviser, for violations of Regulation S-P and Regulation S-ID. The conduct spanned July 2019 through March 2024. The firm was censured, ordered to cease and desist, and fined $325,000. The monetary penalty is incidental. The significance of the case lies in the SEC’s articulation of responsibility: if customer relationships sit on your platform, cybersecurity safeguards and identity-theft controls remain your obligation, even when failures occur at branch offices, independent representatives, or third-party environments.
The rest of this article is available to members of the MTradecraft community.