A lawsuit has been filed against Fidelity Investments after the company disclosed a major data breach affecting over 77,000 customers, according to a ThinkAdvisor report. Two Fidelity customers, Yaakov and Seth Gluck of Spring Valley, New York, filed a proposed...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
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Fidelity Investments discloses data breach that affected over 77,000 customers
Thousands of customers of Fidelity Investments were affected by a major data breach that occurred in August, reports InvestmentNews. The company disclosed the breach recently in regulatory filings with the attorney generals of Maine, New Hampshire, and Massachusetts. ...
Turnkey asset management platforms recommended to help RIAs with administration
Registered investment advisors can utilize an important tool to help them manage their practices: turnkey asset management platforms, or TAMPs. A report by InvestmentNews provides recommendations from planners on the best TAMPs that are currently available. RIAs...
Regulators taking steps to address issues involving artificial intelligence
As more companies incorporate the use of artificial intelligence into their practices, regulators are taking steps to address the growing trend, according a report in Better Markets. One example cited was the Securities and Exchange Commission's proposed new rules...
Lawmakers urged to fight efforts to block funding for DOL fiduciary rule
Supporters of the Department of Labor's new proposed fiduciary rule are lobbying to prevent the measure from being delayed or defunded, according to WealthManagement. The proposal is called the Retirement Security Rule: Definition of an Investment Advice Fiduciary. It...
