RBC to Pay $275K Over Anti-Money Laundering Failures
By Melanie WaddellOver seven years, a FINRA order states, the firm did not have an AML compliance program "reasonably designed to detect and cause the reporting of suspicious transactions."
July 29, 2026
CME Plans Futures Tied to Sports for New Hedging ToolThe first sports futures contracts, which will be cash-settled and expire on a monthly and quarterly basis, could begin trading as soon as this summer.
July 28, 2026
Ex-Citigroup Managing Director Gets 30 Years for Sex CrimesEdward Gene Smith, a Harvard graduate who worked at several Wall Street firms, was sentenced Tuesday. He pleaded guilty seven months ago.
July 28, 2026
Consumer Confidence Falls on Worse Business, Labor ViewsAn indicator of present conditions dropped to the lowest level since 2021, while a measure of expectations for the next six months was unchanged.
July 28, 2026
Edward Jones Asks Court to Compel 6 Black Advisors to Arbitrate Bias ClaimsA putative class-action lawsuit contends that the financial services firm discriminates in compensation, firings and promotions.
July 28, 2026
Corient Adds $4.9B New York RIAFounded by Larry Cohen, Seven Bridges Advisors is a multi-family office and wealth manager.
July 28, 2026
BD Fined $70K Over Reg BI Violations, Annuity Switches: FINRAThe Logan Group, an order states, failed to collect and consider client information related to recommended deferred variable annuities.
July 28, 2026
PRO
Clients Without Children Feel Misunderstood. Here's How They Say Advisors Can Change.A survey by Childfree Trust highlights the disconnect between advisors' assumptions and reality.