The Financial Industry Regulatory Authority (FINRA) reported that member firms’ use of generative artificial intelligence (AI) is outpacing the controls, documentation and supervisory frameworks needed...
The Financial Industry Regulatory Authority (FINRA) is reportedly investigating misconduct allegations against two former executives of collapsed banking-as-a-service (BaaS) provider Synapse Financial Technologies. FINRA is...
Morgan Stanley is reportedly facing a regulatory investigation into its money laundering prevention measures. The Financial Industry Regulatory Authority (FINRA) has launched a probe into whether the investment...
TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as...
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm,...
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice...
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges,...
Already low, financial literacy in America is on the decline, with many people unable to understand concepts such as inflation or compound interest. That’s according...