Regulation

Regulators allege First Horizon Advisors violated Reg BI when it continued recommending complex investments even though it was struggling to bring over customer information from a recent acquisition.

The SEC head said artificial intelligence is promising for innovation and greater access to financial markets, but there's a need to ensure diversity of algorithms and guard against fraud.

If successful, previously banned brokers might be free to "fleece your grandma" again, an expert warned.

Demand from retail investors for the closed-off securities has boomed, with private markets now worth more than $13 trillion.

A FINRA settlement accuses the firm of failing to supervise a broker who recommended frequent purchases and then resales of various investment products.

The proposed changes, including to brokers' "payment for order flow" practices, laregly come in response to frenzied trading in so-called meme stocks.

Lawyers note the kinds of grievances the firm allegedly withheld are what potential clients look at when choosing advisors.

Fines levied by the Wall Street regulator have dwindled in recent years.

The SEC obtained emergency asset freezes against Jonathan Adam and Tanner Adam, and their respective entities, to halt an alleged $60 million cryptocurrency Ponzi scheme.

The arbitration decision comes more than a year after SW Financial was expelled from the industry for violating Regulation Best Interest.