Legal & Compliance

1 2 3 4 5 6 7 8   [295]

Bankman-Fried Is Sentenced To 25 Years In Prison Over FTX Collapse

by , ,

He faced as long as 110 years behind bars after being convicted last year of seven offenses.

U.S. Agencies Made $247B In 'Improper' Payments Last Year, GAO Says

by

The Medicare and Medicaid programs were the worst offenders, the fiscal watchdog said.

Senators Urge DOL To Hurry And Finalize Fiduciary Rule

by

The rule is needed to protect retirement savers from conflicted advice, Democratic lawmakers said.

AI Is Making Financial Fraud Easier And More Sophisticated, U.S. Treasury Warns

by

Recent AI advancements help criminals more realistically impersonate customers.

Morgan Stanley Seeks Restraining Order Against Advisor Who Quit $2B Team

by

The bank accused Zakriah Gardezy of stealing confidential client information when he moved to Wealthstone.

Stifel Penalized $2 Million Over Unsuitable Investments

by

The firm and its advisor subsidiary kept clients in short-term products for too long, Finra said.

Finra Panel Rules Morgan Stanley Must Pay $3M To Ex-Brokers For Deferred Comp Claims

by

A Finra panel found these ex-advisors' deferred compensation was protected by ERISA.

Homebuyers Expecting $10,000 Savings Face Tough Reality

by ,

The decades-old system for how US agents are compensated has long been controversial.

Hightower Counters Ex-Advisor Lawsuit, Says He Stole Company Secrets, Misappropriated Funds

by

Hightower says Lars Knudsen was violating his post-sale agreements and creating a hostile work environment.

Northwestern Mutual Penalized $8M For Alleged Wrongful Termination

by

Three brokers who worked for the company in Abington, Pa., shared the Finra award.

DOL's New Fiduciary Rule Much Harder To Sidestep, Attorney Warns

by

The agency is getting more strict about what it considers an investment recommendation, attorney Fred Reish says.

Hightower Hit With Another Lawsuit From Affiliated Advisor

by

Telos Investment alleges Hightower breached its contract and poached its clients to inflate its potential sale price.

BlackRock Ditched By Texas Fund Shows Limits Of Fink Persuasion

by ,

The New York-based firm has repeatedly said that it doesn't boycott the energy industry.

Genesis To Pay $21M To Settle SEC Charges Its Crypto Lending Program Was Unregistered

by

The embattled firm promised interest payments on crypto assets it borrowed before the crypto collapse of 2022.

10 States Launch Legal Battle Against SEC's Climate Rules

by

The lawsuit is part of an ongoing GOP campaign against ESG initiatives.

RIAs Can't Explain How Their AI Works, SEC Official Says

by

Even AI engineers have a problem conveying how the technology works, the regulator said.

FSI Sues DOL To Toss New Independent Contractor Rule

by

A trade group coalition wants to restore a rule implemented in 2021.

E&O Insurer Saw 213% Rise In RIA Policy Payouts Last Year

by

The increase was directly tied to client complaints arising from the 2022 market slump, the company said.

How Advisors Can Help Spouses Prove Their 'Innocence' With The IRS

by

Spouses can argue they had nothing to do with their partners' tax misdeeds, but it's not easy.

Wall Street's DEI Retreat Has Officially Begun

by , ,

The legal assault on corporate diversity initiatives is gathering steam.

1 2 3 4 5 6 7 8   [295]