The penalty stems from lapses tied to a March 2020 outage and allegations that the fintech firm let thousands of clients trade options that might not have been appropriate for them.

The New York-based bank is broadening its offering to financial advisors, a key source of growth in the asset-management industry.

The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.

The newly formed unit comes just weeks after the CEOs of the six biggest U.S. banks were grilled by Congress over ties to cryptocurrencies.

The company is buying financial-literacy startup PayGrade, which makes a virtual banking and investing product used by K-12 schools.

A top priority of the firm since 2018, advisors will financially be able to paperlessly open new accounts in June.

How technology is enabling new types of payment transmission and what this means for banking.

Advisors who use at least two of the services will receive discounted pricing.

The move for the company’s primary advisory accounts will cut costs for clients and build its fee-based business, President Elizabeth “Libet” Anderson says.

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.

Building a safer ecosystem: Why transparency, controls, and partnerships will drive next era of financial services.

Advisors can now access model portfolios and client “Risk Numbers” from within the financial planning software.

Invent 2021 DevCon will feature keynotes and workshops with project leaders from Microsoft, Uber and Samsung.

Digital media is key for financial advisors to connect with their current clients and attract new ones.

Firms using the fintech will lose support on September 6.

The Oracle of Omaha's fintech bet is less a testament to his beliefs about the future of banking than a hunt for standout growth potential, driven by consumers, writes Anjali Trivedi.

The technology debuted at the annual INSITE conference reveals how the firm is looking to expand market share among advisors and fintechs.

Merrill Lynch, Ameriprise Financial and Hightower Advisors are on the list for the 2021 Digital Wealth Management Impact Innovation Awards.

The firm’s head of advisors says implementation required significant additions and enhancements.

The China-based company is said to be working with Goldman Sachs to prepare for the share sale, which could take place as soon as this year.