Raymond James’ $17M fine over anti-money-laundering failures should be a wake-up call
In the wake of Raymond James' $17M fine, it's time advisers take regulators' focus on this issue seriously, as rules are only going to get stricter.
The industry got a wake-up call — or perhaps it's more fitting to say a colossal kick in the keister — when one of its biggest players was hit recently with a whopping fine for compliance failures.
We're talking about the $17 million fine Finra announced May 18 against an independent b
Learn more about reprints and licensing for this article.
