Webull Fined $500K for Lack of Compliance Team
By Ryan W. NealAt times, the firm had only one compliance employee for hundreds of thousands of accounts, state regulators said.
November 09, 2023
BofA Accused of Aiding Elder Financial AbuseA woman with a Merrill account claims scammers took $690,000 from her after she visited a California branch of the bank.
November 09, 2023
SEC Bars Ex-Edward Jones Rep Who Defrauded Clients Out of $800KRonald T. Molo, accused of using client money to pay for two cars, has been sentenced to two years in prison.
November 09, 2023
IRS Announces Tax Inflation Adjustments for 2024The Internal Revenue Service just posted standard deductions and other adjustments for 60-plus 2024 tax provisions.
November 09, 2023
New Bill Sets Up 'Fast Track' for Social Security Cuts, Critics SayThe Fiscal Stability Act includes language allowing changes to Social Security to be expedited through Congress.
November 09, 2023
Morgan Stanley Wealth Management Draws Fed ScrutinyThe regulatory focus is on measures to prevent potential money laundering by non-U.S. wealthy clients.
November 09, 2023
Insurers Begin to Post 2024 Policy Dividend FiguresMassMutual, Northwestern Mutual and Thrivent say payouts will be higher.
November 09, 2023
JPMorgan Is Working With Regulators on Generative AI ProjectsThe bank has applied to trademark IndexGPT, a pilot program that aims to offer investment advice to customers.