Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of allegations involving simulation of keyboard activity creating impression of active work,” Bloomberg News reported Thursday...
Social media platforms like TikTok have transformed into vital sources of financial information, particularly for millennials and Gen Zs, with nearly 80% of these demographics seeking advice through these channels. This shift toward these platforms has democratized access to financial knowledge, breaking down traditional barriers and fostering...
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges, stemming from 2009 to 2019, are due to hundreds of Suspicious Activity Reports (SARs) not being filed, the SEC said...
Already low, financial literacy in America is on the decline, with many people unable to understand concepts such as inflation or compound interest. That’s according to a Sunday (Nov. 20) report from the Financial Times, citing research by FINRA, the Financial Industry Regulatory Authority. In...
September 30, 2024
TD Bank is reportedly settling a case involving illegal “spoof” orders by a former trader. The Canadian bank will pay more than $20 million as part of a deal with American prosecutors, Bloomberg News reported Monday (Sept. 30), citing court filings. That deal involves TD entering into a three-year deferred prosecution agreement to end criminal […]
June 13, 2024
Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm, were “discharged after review of...
July 11, 2023
The Securities and Exchange Commission (SEC) has announced charges against investment firm Merrill Lynch, Pierce, Fenner & Smith and its parent company BAC North America Holding Co. The charges, stemming from 2009 to 2019,...
November 20, 2022
Already low, financial literacy in America is on the decline, with many people unable to understand concepts such as inflation or compound interest. That’s according to a Sunday (Nov. 20)...
