07/16/2024
Some 64% of advisory firms have no plans to develop or use client-facing artificial intelligence, yet 46% said it was a chief compliance concern, according to the ACA Group's latest survey.
07/12/2024
In the aftermath, UBS reimbursed approximately $17 million to affected customers, paying the principal plus the amount of appreciation that the third party listed on their statements.
07/12/2024
This order was based on the bank’s unsafe or unsound banking practices
07/11/2024
The subsequent collapse of the fund sent shockwaves through the markets and caused $10 billion in losses for Credit Suisse, Nomura, Morgan Stanley and other large financial institutions.
07/09/2024
Updating those inputs or "coefficients" would reduce the banks' systemic scores and resulting capital surcharge, said the people who declined to be identified discussing private regulatory issues.
07/04/2024
Finra said Merrill violated the Securities and Exchange Commission’s Regulation Best Interest
07/02/2024
The firm and two individuals have settled, but CFO will fight to clear his name.
07/02/2024
The SEC’s complaint alleges that Consensys engages in the unregistered offer and sale of securities by participating in the distribution of the staking programs and operates as an unregistered broker with respect to these transactions.
07/01/2024
The program will provide municipal market participants an opportunity to hear from SEC, MSRB and FINRA staff on timely regulatory and compliance matters for municipal advisors and dealers.
07/01/2024
Losing deference from the courts cripples the ability of the SEC to oversee the rapidly changing markets
06/28/2024
JPMorgan has frequently pursued bank-based brokers who leave for competitors and was criticized in 2022 by a broker who told the court the bank had a “long history of harassing” defectors.
06/27/2024
Roberta Kaplan, Steven M. Cohen, Mitra Hormozi and Timothy Martin Join Forces to Launch a Premier Civil Litigation and Strategic Advisory Firm
06/27/2024
Advisors Thomas Reyes and Bryan Noonan had been discharged by Raymond James for putting clients in unapproved investments.
06/25/2024
Citi has said the lawsuit is "without merit" and vowed to "vigorously defend against it".
06/24/2024
The regulators said that all four banks must address these issues by July 1 2025
06/21/2024
Arbitrade infamously promised six years ago to create hundreds of Bermuda jobs in setting up its global headquarters here.
06/20/2024
A delayed Fed complicates the outlook for other economies around the world
06/20/2024
A reproposal that includes significant changes can add months to an already lengthy and complex process.
06/19/2024
Relying on unnamed sources, both reported that employees were unhappy with what they perceived as a demand to return to the office
06/19/2024
Of the 28 new companies licensed so far this year, four are intermediaries, five are Class E life re/insurers