Interactive Brokers, LLC, a prominent name in the online trading world, has reached a settlement with the Financial Industry Regulatory Authority (FINRA) after failing to catch a significant number of free-riding violations in its cash accounts. The firm has agreed to pay a $2.25 million fine to resolve the issue, which stretches back from October 2015 through December 2022.
As the dust settles from over 70 national elections worldwide, it has become clear that business leaders are no longer letting political outcomes dictate their climate strategies. A recent Workiva survey of 1,600 global executives underscores this shift. Despite the uncertainty surrounding regulatory frameworks, an overwhelming 85% of executives plan to push forward with climate disclosures regardless of election results or geopolitical developments.
A new report from KPMG reveals that digital transformations are finally gaining momentum, with nearly 90% of US companies reporting improved performance and profitability from their tech investments. This is a significant leap from last year, where only 45% of businesses were seeing tangible benefits. As artificial intelligence (AI), enhanced data analytics, and third-party technology providers continue to drive these transformations, companies are not only optimizing their internal processes but are also investing in technology that helps them manage risks, meet regulatory requirements, and stay competitive.
As Washington prepares for a changing of the guard with a new administration, Michael Hsu, the outgoing Acting Comptroller of the Currency, is leaving behind more than just his office. He’s passing the baton to a yet-unnamed successor at a time when the banking system faces challenges that extend far beyond quarterly earnings.
J.P. Morgan Securities LLC (JPMS) has reached a settlement with the Financial Industry Regulatory Authority (FINRA) over a series of short interest reporting violations spanning more than 16 years. The firm will pay a $3 million fine and accept a censure as part of the settlement, which addresses a range of inaccuracies in its short interest reporting from 2008 to 20
In a series of year-end enforcement actions, FINRA has ordered three prominent financial firms to pay significant fines for submitting inaccurate trading data, highlighting the industry's ongoing struggles with regulatory reporting accuracy.
When an investor puts their trust and money in the hands of a financial firm, they expect every dollar to be handled with care. Yet three major brokerage firms - Edward Jones, Osaic, and Cambridge Investment Research - recently learned an expensive lesson about the importance of watching those dollars more closely.