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, stemming from 2009 to 2019, are due to hundreds of Suspicious Activity Reports (SARs) not being filed, the SEC said...
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 to a Sunday (Nov. 20) report from the Financial Times, citing research by FINRA, the Financial Industry Regulatory Authority. In...
The Financial Industry Regulatory Authority (FINRA), a Wall Street regulator, has issued new guidance for broker-dealers on the penalties they could face for violating anti-money laundering (AML) rules, eliminating the cap on fines for bigger companies. According to new guidelines issued Thursday (Sept. 29) by...
One of the agencies tasked with monitoring the behavior of stockbrokers and other Wall Street professionals is trying to capitalize on the sudden unemployment of thousands of cryptocurrency workers, Reuters reported. The ambitions of the Financial Industry Regulatory Authority, or FINRA, were mentioned Tuesday (June...
July 11, 2023
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, stemming from 2009 to 2019, are due to hundreds of Suspicious Activity Reports (SARs) not being filed, the SEC said in a Tuesday (July 11) press release. Merrill Lynch has agreed […]
November 20, 2022
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 to a Sunday (Nov. 20)...
September 30, 2022
The Financial Industry Regulatory Authority (FINRA), a Wall Street regulator, has issued new guidance for broker-dealers on the penalties they could face for violating anti-money laundering (AML) rules, eliminating the...
June 14, 2022
One of the agencies tasked with monitoring the behavior of stockbrokers and other Wall Street professionals is trying to capitalize on the sudden unemployment of thousands of cryptocurrency workers, Reuters...
