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The Financial Industry Regulatory Authority (FINRA) settled its first formal enforcement disciplinary action with financial services provider M1 Finance, fining them $850,000 for misleading posts by social media influencers. Additionally, FINRA has initiated an incentive program to reduce its headcount by prompting employees to voluntarily exit early from their jobs.
For the first time since 2017, financial services giant Fidelity Investments is thinning its ranks, with the Boston-based firm cutting approximately 700 jobs earlier this month. https://t.co/P6yT6jLrya
A brokerage app hired an army of 1,700 influencers and misled investors on social media, regulators say—and it just got slammed with a massive fine. https://t.co/tY40I1xcdY
The Financial Industry Regulatory Authority (FINRA) has initiated an incentive program to prompt employees to voluntarily exit early from their jobs and reduce its headcount, a spokesperson confirmed.
