FINRA Hits SageTrader with New $100k Fine for AML Failure
The Financial Industry Regulatory Authority (FINRA) has hit California-based securities broker, SageTrader, with a censure order and fine of $100,000 for failing to establish and implement anti-money laundering (AML Anti-Money Laundering (AML) Anti-money laundering (AML) is a term that describes laws, processes, and regulations that are intended to prevent illegally obtained funds from being disguised […]
SEC Fines Bloomberg $5M over Disclosure Failure on Fixed Income Prices
The US Securities and Exchange Commission (SEC Securities and Exchange Commission (SEC) The Securities and Exchange Commission (SEC) is one of the most widely known independent authorities in the United States. The SEC has a wide range of responsibilities, helping police markets and curbing against abuse. This includes enforcing federal securities laws, proposing securities rules, […]