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Webull to Pay $4.2 Million Finra Fine Over Compliance Issues
Source: Bloomberg
FintechRegulation & LegislationCybersecurity & Data Privacy
Webull Financial LLC will pay a $4.2 million fine, according to FINRA, over alleged failures to implement anti-money-laundering controls and protect customers against identity theft as its platform grew. The report concerns alleged control shortcomings at Webull Financial and does not specify a broader company-wide finding.
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