The lottery winner, James Groves, was awarded $3.3 million, and Asante Samuel, who retired in 2013 after an 11-year career with the New England Patriots, Philadelphia Eagles and Atlanta Falcons, will receive $879,000.
This is the eighth action against a bank or broker, and fourth action against a depositary bank, resulting from the SEC's ongoing investigation into abusive ADR pre-release practices.
Finra's findings were largely surrounding legacy Morgan Stanley Smith Barney systems, staffing and processes relating to the surveillance of wire transfers, and the deposit and sale of low priced securities.
InvestmentNews is excited to announce the launch of a new website showcasing fintech trends for technology-driven advisers.
The departure of Betterment founder and CEO Jon Stein, after a decade at the reins of the industry’s leading independent robo-adviser, was surprising and a bit bittersweet.
Goldman Sachs Inc. is testing its digital advice platform with employees ahead of a public rollout slated for the first quarter, according to a company memo reviewed by InvestmentNews.
One of the greatest impacts of 2020 on wealth management is the increase in wealthtech adoption by advisers.
Franklin Templeton has tapped Singapore-based wealthtech Bambu and Apex Clearing to launch a new turnkey robo-adviser, Tango, in an increasingly competitive digital advice space.
Robinhood was criticized for its use of gamification strategies to attract young investors in a complaint filed by the Massachusetts Securities Division that alleged the fintech manipulated its customers, many of whom are novice investors, into excessive trades.
Social Finance Inc. is planning for takeovers after agreeing to go public in a merger with a blank-check company that values the upstart at around $8.7 billion.
