The SEC has pursued actions and settlements against firms that did not self-report, including Centaurus Financial, which was ordered to pay $1.2 million as part of a settlement, and Voya Financial Advisors, which agreed to pay nearly $23 million to settle similar violations. CapWealth Advisors, a Tennessee-based firm, was accused of similar allegations, but decided to make a defense in court, with a jury trial date set for no later than June of next year. ISC did not admit nor deny the findings of the settlement, but it agreed to a cease and desist, as well as a censure. The firm will pay more than $716,300 in disgorgement, prejudgment interest and a civil penalty.