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LATEST NEWS AND ARTICLES

May 8, 2024
J.P. Morgan Securities Ordered to Pay Damages Over Defamation Claims

J.P. Morgan Securities has been directed to pay $250,000 in damages to a New York financial advisor following allegations of defamation in a regulatory filing upon his departure from the firm in 2022.

May 7, 2024
UBS Advisors Ordered to Pay Nearly $334,000 in Dispute with AllianceBernstein

An arbitration award revealed that two UBS advisors in Philadelphia, Elijah Dornstreich and Ryan DePaul, are required to pay approximately $334,000 in damages, legal fees, and costs to their former firm, AllianceBernstein, due to a dispute over customer solicitation.

May 6, 2024
SEC Cracks Down on Misuse of Artificial Intelligence

The U.S. Securities and Exchange Commission (SEC) has taken action against two money managers, Delphia (USA) Inc. and Global Predictions Inc., for allegedly making false and misleading statements regarding their utilization of artificial intelligence (AI) technology.