SEC to Increase Scrutiny of AI Tools Used by Financial Brokers, Advisers October 22, 2024 By Nicola M. White The US Securities and Exchange Commission’s examiners will step up scrutiny of financial firms’ use of artificial intelligence next year,...
OpenAI Fires Back at Musk Allegations With Trove of Emails March 6, 2024 By Rachel Metz and Shirin Ghaffary OpenAI fired back at a lawsuit filed against it by Elon Musk in a blog post Tuesday, using the billionaire’s...
Johnson & Johnson Worker’s Lawsuit Alleges Company Overpaid for Drugs February 8, 2024 By John Tozzi and Chris Dolmetsch Johnson & Johnson was sued by an employee who said the company’s health plan wasted workers’ money by paying inflated...
Freshpet Board Accused in Suit by Activist Jana of Breaching Duty June 5, 2023 By Crystal Tse Freshpet Inc.’s board members were sued by activist shareholder Jana Partners over claims they breached their fiduciary duty by changing...
Securities Broker Robinhood’s Fight Against Fiduciary Rule Before Massachusetts Court May 3, 2023 Massachusetts’ highest court on Wednesday will consider whether to revive a state fiduciary duty rule that was central to an...
Court Affirms Insurer, Agent Have Duty of Care But Not Fiduciary Duty in GEICO Case March 16, 2023 By Andrew G. Simpson A licensed insurance agent, and the insurer she represents, owe a duty of care to a customer to explain coverages...
SEC Rules Target Investment Brokerage Disclosures, Conflicts June 5, 2019 By Katanga Johnson The U.S. Securities and Exchange Commission (SEC) on Wednesday will vote to adopt a package of rules mandating brokerage firms...
8 Considerations for Buyers and Sellers of Insurance Agencies May 30, 2019 By Zachary Lerner Insurance agency acquisitions and deal values are near an all-time high and all expectations are that deal flow in 2019...
South Carolina Jury Awards $8.1 Million to Investor Who Sued BB&T July 1, 2014 By Suzanne Barlyn A South Carolina jury on Monday awarded $8.1 million to a former adviser who sold his wealth management business to...
SEC Proposes Fiduciary Duty for Investment Brokers Advising Retail Clients November 22, 2013 By Dave Michaels Investment brokers advising retail customers should be held to a standard that requires them to recommend products that are in...