Staten Island, NY-based brokerage firm Arive Capital Markets has been censured and fined $300,000 by the Financial Industry Regulatory Authority (FINRA) for systemic supervisory failures related to excessive trading and telemarketing violations.
The Federal Trade Commission's fiscal year 2023 annual report released this week provides an in-depth look at the agency's aggressive enforcement efforts over the past year to protect consumers and crack down on anti-competitive conduct.
U.S. regulators are cracking down on potential money laundering in the investment advisory industry with a proposed new rule requiring firms to implement robust customer identification programs.
The Securities and Exchange Commission has charged a New York-based investment advisory firm and its founder for breaching their fiduciary duties by failing to disclose conflicts of interest and making misleading statements to clients.
A federal judge in Miami has levied a devastating $225 million judgment against a network of individuals and companies found guilty of perpetrating a massive financial fraud that swindled investors out of over $57 million.
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) today announced it has imposed a $6,002,000 administrative monetary penalty on Binance Holdings Limited for violating Canadian anti-money laundering laws.
The Financial Industry Regulatory Authority (FINRA) has censured and fined Oppenheimer & Co. Inc. $500,000 for failing to reasonably supervise thousands of direct business transactions made by the firm's brokers on behalf of clients between 2012 and 2017.