The Financial Industry Regulatory Authority said it has imposed fines against two funding portals for violations of rules involving crowdfunding. In a news release, the authority announced the action against FINRA-registered firms Wefunder and StartEngine Capital for...
FINRA issues cybersecurity alerts to firms over phishing emails
The Financial Industry Regulatory Authority has issued recent cybersecurity alerts to its member firms warning them to beware of attempted phishing attacks, ThinkAdvisor reports. On April 25, FINRA alerted firms to a fraudulent campaign using the domain name...
NY financial advisor charged with embezzling funds from client
The chief executive officer of a New York advisory firm is facing a criminal charge after prosecutors said he embezzled funds from one of his clients, reports Financial Advisor. Adam Belardino, CEO of Maddox Group, was arrested last week and charged in U.S. District...
FINRA pushes for reforms in expungement process for financial reps
The Financial Industry Regulatory Authority is proposing additional steps to revamp the expungement process available to registered financial professionals, according to Financial Advisor. FINRA addressed the topic in a recent discussion paper on the expungement of...
SEC committee to hold meeting on proposed rules on climate disclosures and SPACs
A virtual meeting will be held Friday by the Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee to discuss proposed new rules on two separate topics, the SEC said in a news release. The committee released its agenda for the...
