The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
Legislation that would make electronic investor communication the default method for disclosures sends a message this year, but will have to be reintroduced next year.
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
Plus Stifel turns to KX to enhance analytics and decision making, and digital insurance brokerage Modern Life unveils a new platform for advisers.
The defendants allegedly disseminated false and misleading information to their collective 1.5 million Twitter followers to hype interest in certain securities while secretly planning to sell shares at artificially elevated prices, the DOJ charged.
The firm used two locations to store phone records, which caused a confused response to Finra document requests in investigations, according to the regulator.
This month’s highlights include Savvy Wealth’s $11 million funding round to enter the realm of tech-enabled RIAs, along with DPL Partners’ new adviser-matching solution and InvestCloud’s Advisor Connect solution.
The money pouring into digital assets has attracted the attention of criminals.
Using Unifimoney's tech and Apex's custodial platform, community financial institutions can add digital wealth management to existing online banking services.
The new annuity functionality will help advisers using Morningstar's workstations manage annuity transactions for their clients.
Entering the competitive space of client referral programs, AdvisorFinder faces the challenge of getting consumers to the site.
Additionally, BNY Mellon invests in a fixed-income fintech and Broadridge partners with IntraFi on securities-backed lending.
The brokerage platform has launched Robinhood Retirement, which lets users open IRAs on its platform and matches 1% of their contributions.
As more advisers work remotely and turn to messaging apps and social media to communicate, they’re exposing themselves to a higher risk of exploitation through impersonated and hijacked accounts.
Riskalyze's Aaron Klein embraces the Luddite position of not expecting technology to ever replace the human adviser.
The SEC finds that some firms use generic compliance programs that aren't tailored to the particular hacking dangers their accounts face.
Seeds Investor, a software offering digital client assessment, automated portfolio construction and ongoing client engagement tools, has backing from funds linked to Stocktwits founder Howard Lindzon and Ritholtz Wealth Management.
The application, called ‘Opportunities,’ is intended to prompt adviser-client communication.
ARC, based in Beverly Hills, California, provides compliance solutions for registered investment advisory firms.
A roundup of the week's top tech news, including MaxMyInterest integrating with Wealthbox, CapIntel's growth and Smarsh hiring new executives.
