Robinhood’s Crypto Unit Fined $30 Million by Top New York Financial Regulator

The New York State Department of Financial Services has fined online brokerage Robinhood Markets Inc.’s cryptocurrency trading unit $30 million for alleged violations of anti-money laundering regulations. money and cybersecurity, as part of the department’s first crypto enforcement action. Newsletter Sign-Up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news … Read more

One Medical users pledge to cancel over $3.9 billion memberships with Amazon

Subscribers to healthcare app One Medical vowed to cancel their memberships on Friday after it was announced that the startup dubbed “the Netflix of primary care” would be acquired by Amazon for $3.9 billion. See: Amazon’s acquisition of One Medical sparks data privacy backlash: ‘What could go wrong?’ Angry One Medical ONEM, -0.58% subscribers said … Read more

How UBS is targeting racial equity in finance

Melinda Hightower and Lynette Jefferson, executives at UBS Global Wealth Management, explain how racial stock investing works. Jefferson will speak at Barron’s ESG+ Impact Summit in New York City on June 22. Photograph by Lauren Perlstein Text size Lynette Jefferson and Melinda Hightower, two executives from UBS Global Wealth Management, come to the same goal … Read more

I found out that a financial advisor can cost $5,000 a year. Is it worth it?

What could a financial planner charge you and is it worth it? Getty Images/iStockphoto A reader wrote to us the other day to make a good point: she wanted us to give people a deeper insight into what a financial advisor might really cost them. Here’s his email, and below we take a look at … Read more

Financial Crimes Efforts Get Additional Funding Under Ukraine Assistance Program

The U.S. Senate on Thursday approved nearly $100 million in funds that lawmakers said would be used to bolster efforts to crack down on financial crimes, including by enforcing sanctions against Russia and seizing assets linked to the country’s invasion of Ukraine. The funds were part of a nearly $40 billion military and economic aid … Read more

New York Federal Officials Seek Public Input on Crypto Regulation

NEW YORK—Senior officials from the U.S. Treasury Department, Department of Commerce, and New York State Department of Financial Services have said that when it comes to the digital asset industry, the involvement of the private sector is crucial, not only for its technological advancement, but also to ensure that it is not used for malicious … Read more

Financial Crimes Efforts Get Additional Funding Under Ukraine Assistance Program

The U.S. Senate on Thursday approved nearly $100 million in funds that lawmakers said would be used to bolster efforts to crack down on financial crimes, including by enforcing sanctions against Russia and seizing assets linked to the country’s invasion of Ukraine. The funds were part of a nearly $40 billion military and economic aid … Read more

This financial advisor charges $1,000 a year. Is it worth it?

Is your financial planner overcharging you? Getty Images/iStockphoto Question: My resolution this year is to make saving money a bigger priority and I thought it would be helpful to have someone much more qualified than me to review my 401k, ESPP, and IRA contributions. I’m meeting a financial advisor for the first time tomorrow, but … Read more

Cardinal Health Supply Chain Issues Drive Higher Costs for Healthcare Providers

Text size The supply chain crisis has not eased for Cardinal Health. The time of dreams More than two years into the pandemic, the supply chain crisis hasn’t abated since Cardinal Health , drug distributor and manufacturer of medical supplies. Shares fell 5.1% on Thursday after the company reported fiscal third-quarter results that beat Wall … Read more

China’s Zero Covid strategy puts public health and economy at risk

About the Author: Brian P. Klein is the founder of RidgePoint Global, a strategic consulting firm, and a former US diplomat. Tens of millions of people are on mandatory home confinement in China as a new Covid outbreak spreads across the country. Countless others have been forced to live in isolation centers under Xi Jinping’s … Read more