fines

SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
SEC Fines Wealthfront, Hedgeable For Misleading Consumer Claims
December 26, 2018  |  Regulation

The Securities and Exchange Commission announced late last week that it settled with Wealthfront Advisors and Hedgeable, two FinTech robo-advisors, for misleading investors. Get the...

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PSD2 Is Coming — Are Merchants Ready?
PSD2 Is Coming — Are Merchants Ready?
December 20, 2018  |  Security & Fraud

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Denmark Demands Danske Bankers ‘Be Held Accountable’
Denmark Demands Danske Bankers ‘Be Held Accountable’
December 20, 2018  |  Security & Fraud

Denmark wants the former Danske Bank employees who were recently arrested to “be held accountable” for their actions. Get the Full Story Complete the form...

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State Regulators Report: Money Services Firms Handled $1.2T In 2017
State Regulators Report: Money Services Firms Handled $1.2T In 2017
October 15, 2018  |  Regulation

As noted by the Conference of State Bank Supervisors (CSBS), state regulators earlier this month released the inaugural Money Services Business Industry Report, which featured...

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Denmark Wants To Toughen Up Money Laundering Fines
Denmark Wants To Toughen Up Money Laundering Fines
September 11, 2018  |  International

Denmark is working on new legislation that will increase money laundering fines by about eightfold. According to Bloomberg, the new bill by the Danish Financial Supervisory...

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Is The GDPR Coming To The US?
Is The GDPR Coming To The US?
June 14, 2018  |  Legal

Imitation is the sincerest form of flattery, right? If so, some European regulators might like what’s going on with California in regards to digital privacy....

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Living Up To The Hype (Or Not)
Living Up To The Hype (Or Not)
May 01, 2018  |  Today In Data

The hype is everywhere. It’s easy to get swept up in a world full of the “next big things.” Easy — but as Karen Webster...

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Wells Fargo Settles With SEC Over AML Reporting
Wells Fargo Settles With SEC Over AML Reporting
November 15, 2017  |  Security & Fraud

Wells Fargo Advisors and the Securities and Exchange Commission (SEC) reached a settlement this week resolving charges that the bank dropped the ball in reporting...

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Wells Fargo To Pay $3.4M Fine Over Complex ETPs
Wells Fargo To Pay $3.4M Fine Over Complex ETPs
October 17, 2017  |  Bank Regulation

The Financial Industry Regulatory Authority (FINRA) announced news on Monday (Oct. 16) that it has ordered Wells Fargo Clearing Services and Wells Fargo Advisors Financial...

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