The Practice: Technology

As Regulators Target Texting Bosses, Wall Street Turns to ‘WhatsApp Cops’

September 29, 2022No Comments

Bank of America, Morgan Stanley, Goldman Sachs and Citigroup are among the firms that agreed to bring on dedicated compliance consultants to review how the firms monitor work-related communications.

Regulators Fine Wall Street Firms $1.8B for Texts, WhatsApp Messages

September 28, 2022No Comments

The SEC and the CFTC have ordered Bank of America, Morgan Stanley, Citigroup, UBS and other firms to pay penalties for failing to preserve employee communications.

FAs Flocked to Outsourced Investment Management During Pandemic

September 23, 2022No Comments

One-third of all advisors outsourced some functions for the first time during the Covid-19 pandemic, according to a FlexShares survey.

Cyber Insurance Rates Spiking, Forcing FAs to Make Tough Risk Assessments

September 23, 2022No Comments

Advisors are facing a far greater risk of a data breach than they were even six months ago, but the safety net — cyber insurance — has become much more costly.

Fidelity to Combine Its Robo-Advisors

September 23, 2022No Comments

The company is folding the Personalized Planning and Advice hybrid robo into Fidelity Go, according to FA-IQ sister publication Ignites.

JPMorgan Chief: Crypto Tokens Are ‘Decentralized Ponzi Schemes’

September 22, 2022No Comments

Jamie Dimon took a “softer” stance on stablecoins, according to Barron’s.

SEC Has No Authority over Crypto, Says Crypto Firm

September 21, 2022No Comments

Ripple Labs is fighting an SEC suit on the grounds that the commission doesn’t have say over the firm’s XRP token.

LPL to Offer Employees, Independent Advisors Education with Kaplan

September 16, 2022No Comments

Kaplan has more than 30 financial education programs, including ones for professional designations, LPL says.

Pershing X to Roll Out Direct Indexing by Year-End

No Comments

Late last year, the firm bought a direct indexing provider.

What You Should Know About Outsourcing Investment Management

September 15, 2022No Comments

Outsourcing investment management offers advisors the opportunity to free up substantial time while providing their clients with best-in-class solutions.