By Aly McDevitt2025-08-15T18:59:00
As federal regulators increasingly reward companies for self-reporting, self-regulation and cooperating with investigations, the case of a registered broker-dealer out of Georgia shows how early action and transparency can help firms avoid harsher penalties, even after years of costly compliance lapses.
Primerica Financial Services (PFS) Investments, Inc. overcharged its customers by hundreds of thousands of dollars in extra fees over five years—not on purpose, but because it didn’t properly check if eligible customers were receiving cost reductions on mutual fund fees. The firm did not have any automated surveillance that was specifically designed to flag instances in which customers missed discounts for which they were eligible, according to an investigation by the Financial Industry Regulatory Authority (FINRA).
2025-08-25T18:24:00Z By Adrianne Appel
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
2025-08-12T20:48:00Z By Oscar Gonzalez
Liberty Mutual agreed to give up $4.7 million in profit – the amount it earned from a bribery scheme uncovered by the government – as part of a settlement related to the Foreign Corrupt Practices Act, according to a letter from the U.S. Department of Justice.
2025-07-17T22:49:00Z By Aaron Nicodemus
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
2025-10-21T18:11:00Z By Adrianne Appel
Eight auto insurers failed to meet the requirements of New York’s cybersecurity regulations during widespread online attacks in 2021 and will pay $19 million under consent orders with the New York State Department of Financial Services (NYDFS).
2025-10-21T17:13:00Z By Oscar Gonzalez
Canada is creating a new federal office to lead efforts against financial crime. The initiative marks the government’s most significant move yet to modernize its approach to fraud and money laundering.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
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