Advisors Need To Prepare For Anti-Money Laundering Program
The Treasury Dept. through its Financial Crimes Enforcement Network, has issued a final rule mandating that most firms implement a formal AML program.
Recent
US SEC Threatens To Sue NFT Marketplace OpenSea, CEO Says
The U.S. Securities and Exchange Commission has threatened to sue non-fungible tokens marketplace OpenSea.
Former Broker Fined Over 'Fair And Balanced' Client Communications
Regulators have imposed fines and a suspension on a former broker for allegedly exaggerating the potential performance of various stocks.
Wamco Investigation Examining 17,000 Trades Over Three Years
Western Asset Management Co. is examining a subset of about 17,000 trades conducted by Ken Leech.
FTC Loses Ruling For Non-Compete Agreements
Wealth management firms anticipating the need to eliminate non-compete agreements due to impending federal regulation can now feel reassured.
Wall Street Regulator Approves Tougher Rules For Accounting 'Negligence'
Wall Street's top regulator voted 3-2 to new rules making it easier for an audit watchdog to hold people responsible for audit firms' violations.
Brokers Are Assessed By How They Adhere To The Advisory Standard
When regulators assess a broker-dealer’s operations, they will scrutinize how the firm adheres to Regulation Best Interest the advisory standard.
