Stephens, Inc. fined US$900,000
Managing emotions around financial decisions is critical to avoiding fraud
Misrepresentations made replacement annuities appear more beneficial, even though they were typically more expensive than clients’ existing annuities, FINRA says
New reports designed to help firms spot and halt potential market manipulation
Enhanced disclosure serves the interests of investors
US$1.3 million returned to investors
The U.S. brokerage was censured for supervisory violations relating to chronic fails to deliver by a client in multiple ETFs
Investors should be aware that conflicts of interest can exist even with digital investment advice
The proposal aims to improve transparency to retail investors
A letter from the U.S. self-regulatory organization highlights areas of concern
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