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Vanguard Settles SEC Charges Over Target Date Fund Disclosures for $106 Million

February 6th, 2025 at 4:10 PM
Vanguard has agreed to pay $106.41 million to settle charges by the Securities and Exchange Commission (SEC) over alleged disclosure failures related to its target date retirement funds (TDFs).
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SEC Forms Cryptocurrency Task Force to Develop Clear Regulatory Framework

February 5th, 2025 at 12:02 PM
According to ThinkAdvisor, the U.S. Securities and Exchange Commission (SEC) has announced the creation of a cryptocurrency-focused task force to establish a "comprehensive and clear" regulatory framework for digital assets.
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ÍøÆØ³Ô¹Ïlls Fargo Faces $3.37 Million FINRA Award Over Alleged Elder Exploitation

February 4th, 2025 at 4:37 PM
A FINRA arbitration panel has ordered ÍøÆØ³Ô¹Ïlls Fargo Clearing Services and its advisor, Stephen L. Smith, to pay approximately $3.37 million in damages to the estate of Genell Mathis.
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Bank of America Agrees to Consent Order Over Anti-Money-Laundering Deficiencies

February 3rd, 2025 at 3:50 PM
Bank of America Corp. has entered into a consent order with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money-laundering (AML) and sanctions compliance programs.
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UBS Settles FINRA Claims Over Supervision of Short-Term Preferred Stock Trades

January 31st, 2025 at 2:21 PM
According to AdvisorHub, UBS ÍøÆØ³Ô¹Ïalth Management USA’s broker-dealer has agreed to pay $3.5 million in sanctions over allegations of supervisory failures related to short-term trading of syndicate preferred stock.
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Two Sigma Settles SEC Charges for Investment Model Failures and Whistleblower Rule Violations

January 30th, 2025 at 4:18 PM
According to SEC.gov, the Securities and Exchange Commission (SEC) recently announced that Two Sigma Investments LP and Two Sigma Advisers LP (collectively, Two Sigma) agreed to settle charges of breaching fiduciary duties, compliance failures, and violations of the SEC’s whistleblower protection rule.
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Robinhood to Pay $45 Million for Multiple Securities Law Violations

January 29th, 2025 at 11:27 AM
Robinhood Securities LLC and Robinhood Financial LLC have agreed to pay $45 million to resolve allegations of widespread securities law violations. According to InvestmentNews, the settlement follows an SEC investigation that uncovered ten distinct regulatory failures spanning several years.
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Former Financial Advisor Sentenced to Prison for $2.5 Million Investment Fraud Scheme

January 28th, 2025 at 9:00 AM
According to InvestmentNews, a former financial advisor from Wisconsin, David Braeger, has been sentenced to 24 months in federal prison for an investment fraud scheme that caused over $2.5 million in losses.
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Gemini Settles $5 Million Case With CFTC Over Misleading Statements

January 27th, 2025 at 11:06 AM
Crypto exchange Gemini has agreed to pay $5 million to settle allegations by the U.S. Commodity Futures Trading Commission (CFTC) that it made misleading statements about bitcoin futures contracts in 2017.
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Fidelity to Shift Independent Advisor Cash to Lower-Yielding FCash Amount in 2025

January 24th, 2025 at 2:00 PM
Fidelity Investments plans to redirect cash balances in non-retirement brokerage accounts managed by independent financial advisors to its in-house sweep account, FCash, starting in 2025.
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