Financial Industry Developments

Artificial intelligence is no longer a back-office tool in financial services. It is now embedded directly in how retail investors—particularly…

First Republic Bank’s May 1, 2023, collapse marked the largest U.S. bank failure since the 2008 Great Recession, when Washington…

On April 12, 2023, the SEC approved long-anticipated changes to FINRA’s expungement rules that will make the expungement process more…

As part of its mission to protect investors, the Financial Industry Regulatory Authority (FINRA) gathers and discloses certain information about…

Changes to broker expungements in arbitration seemed imminent when FINRA first proposed new rule changes of the expungement process to…

After an initial, Covid-induced lull, advisor transitions began picking up steam in late 2020 and now have reached record pace.…

As Wells Fargo continues to reorganize its Wealth Management division, the firm recently dealt a major blow to its 330+…

On October 22, 2020, a panel of FINRA arbitrators rejected claims brought by JPMorgan against three registered representatives–Nathan Shields, Mark…

In our March 2020 post, published soon after stay-at-home orders were issued across the country, we hypothesized that the pandemic…

Earlier this year, Morgan Stanley announced plans to purchase E*Trade Financial Corp., with the deal scheduled to close by end…