In one case, an unnamed broker stole over $100,000 from an elderly customer’s account.

The settlement follows a 2021 targeted exam looking into how firms work with social media influencers.

Buyer beware.

The commission accused Global Predictions and Delphia of “AI washing,” making misleading claims about how they each used artificial intelligence in managing investments.

FINRA argued Osaic Wealth (formerly Royal Alliance) and Securities America didn’t have proper cyber controls in place at branch offices, resulting in dozens of breaches over several years.

Traditional growth strategies yield diminishing returns, while new online engagement methods are exploding.