Delphia and Global Predictions both made 'false and misleading statements' about their use of artificial intelligence, the SEC says.
The regulator fined the firms $150,000 each for failures related to protecting thousands of clients’ private information and cybersecurity gaffes.
The firm's trade-surveillance program has operated with certain deficiencies since at least 2019, according to the OCC.
The broker and Next Financial Group Inc. are on the hook for more than $1 million in penalties.
Citadel, KKR & Co. and Blackstone Inc. are among the firms that have been talking about strategies to blunt SEC penalties related to the use of messaging apps.
The proposed budget seeks to increase taxes for corporations and the wealthy.
'Last year saw bigger Finra fines per case,' a lawyer says. 'Supersized fines, or those of $1 million or more, were up, and mega-sized fines, or those of $5 million and more, increased too.'
With the final version of the rule now at the Office of Management and Budget, it won't be long before it's published. Don't expect a lot of changes, lawyers say.
The broker, Jayson Pocius, was 'discharged' last year from Wells Fargo Advisors Financial Network.
The president wants to raise the capital gains tax rate to a base of 39.6 percent, up from 20 percent, and establish a minimum tax rate of 25 percent on households worth at least $100 million.
Critical issue represents the latest meeting point of two pressures weighing heavily on advisors.
The brokerage firm violated Finra rules by failing to ensure fair pricing in corporate and muni bond transactions.
The advocacy group for independent financial advisors argues the final 2024 rule is ‘arbitrary and capricious.’
Industry groups hail state’s new rule as a win for annuity consumer protection.
It's highly unusual in the securities industry for a broker-dealer to put up such resistance to a regulator like the SEC.
There will likely be a legal challenge, even though the SEC appears to have trimmed the climate rule to withstand litigation, lawyers said.
The companies 'explicitly agreed not to hire or recruit each other’s asset and wealth management professionals,' according to a lawsuit.
Scope 3 emissions excluded, commissioner says steps forward are 'bare minimum.'
Using federal tax data, EBRI offers a ‘starting point’ to estimate the retirement program’s impact on lower-income workers when it starts in 2027.
Last November, the IRS proposed regulations that would fundamentally redefine DAFs.
