The guidance aims to address the “unique issues” robo-advisors raise while the bulletin aims to alert investors to several issues they should consider
An agreement between U.S. state and federal securities regulators intends to ensure crowdfunding exemptions are enabling access to capital
The firm also admits to wrongdoing related to compliance failures surrounding the sale of risky inverse ETFs to retail clients
These funds hold non-traditional investments or use complex investment and trading strategies, which represent added risks to investors
At least 60,000 clients were overcharged approximately US$18 million in unauthorized fees, the regulator’s order states
The primary whistleblower in the case will receive more than US$4 million while the two others will split more than US$3 million
The firm has agreed to pay a US$1.5-million penalty for failing to disclose benefits it paid on behalf of its former CEO, Miles Nadal
The U.S. regulator alleged that the firm improperly prevented departing employees from potentially collecting whistleblower awards
The regulator, which published its list of priorities for 2018, will also examine wrap programs and the possible exploitation of senior investors
An alert stresses the importance for investors to understand the full impact of brokerage fees on their investment accounts