Browsing: Fine

Legal and Regulatory

$15,000,000 Fine Hits US Banking Giant After Employees Allegedly Drain Millions From Wealthy Customers’ Accounts

December 15, 2024

Morgan Stanley’s wealth management division is facing a substantial penalty for its failure to prevent former financial advisors from stealing…

Legal and Regulatory

South Korea levies $860K fine on Worldcoin for compliance failures related to data collection

September 27, 2024

South Korea’s Personal Information Protection Commission (PIPC) has imposed a hefty collective fine of KRW 1.14 billion ($861,408) on Worldcoin…

Legal and Regulatory

Crypto scammer hit with $36 million fine by CFTC for fraud

September 23, 2024

Federal Judge Orders William Koo Ichioka to Pay $36 Million in Restitution for Fraudulent Scheme In a recent announcement by…

Legal and Regulatory

Billion-Dollar Bank Paying $27,760,000 Fine for Allegedly Placing Customers’ Access To Employment, Housing and Credit at Risk

September 22, 2024

The Consumer Financial Protection Bureau (CFPB) has levied serious accusations against TD Bank, claiming that the financial institution has been…