On May 13, the Securities and Exchange Commission (SEC) and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly proposed to require that SEC-registered investment ...

On May 13, 2024, the Financial Crimes Enforcement Network (FinCEN), a bureau within the U.S. Treasury Department, and the Securities and Exchange Commission (SEC) proposed a joint rule (the Proposed ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The Securities and Exchange Commission and Treasury Department on May 13 issued a rule proposal aimed at combatting money laundering that would require registered investment advisers and exempt ...

LPL Financial has agreed to pay an $18 million civil penalty for the SEC described as significant shortcomings in the firm's anti-money laundering program. The reported violations, which occurred ...

The SEC is proposing a new customer identification program on the heels of the Treasury Department’s February 2024 proposal to stem potential money laundering. The program would require RIAs and ...

Robinhood will pay nearly $30 million in penalties for violating Financial Industry Regulatory Authority (FINRA) rules with shortcomings in its anti-money laundering (AML) program, as well as ...

LPL Financial has agreed to pay $18 million to resolve allegations that it failed to close or restrict thousands of high-risk accounts because of lax anti-money-laundering procedures.