A new warning has been issued to broker-dealers in the financial industry regarding the ongoing threat of cyberattacks, reports InvestmentNews. The Financial Industry Regulatory Authority sent an alert last week due to what it called an increased threat of ransomware...
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Month: June 2023
Advisory committee approves proposal to enhance SEC oversight of RIAs
A new proposal is aimed at enhancing the Securities and Exchange Commission’s oversight of registered investment advisory firms, AdvisorHub reports. The proposal was approved by the SEC’s Investor Advisory Committee (IAC), which focuses on investor-related interests,...
FINRA releases report showing increase in arbitration claims
The Financial Industry Regulatory Authority has released its latest dispute resolution statistics through May 2023, Financial Advisor reports. According to FINRA, the number of arbitrations has risen 37% from this time in 2022. Customer claims have gone up 20% through...
FINRA fines TD Ameritrade over lack of disclosure on callable securities
TD Ameritrade was penalized by the Financial Industry Regulatory Authority over violations involving callable securities, according to InvestmentNews. The firm was fined $500,000 after FINRA found it failed to fully disclose information about the securities to...
SEC public service campaign provides financial information for older investors
A new public service campaign launched by the Securities and Exchange Commission is aimed at providing older investors with important information about their finances. The SEC’s Office of Investor Education and Advocacy (OIEA) unveiled the campaign that includes a TV...
