Cetera, Ameriprise Face Class Action Lawsuits Over Data Breaches
AI SummaryAI-generated — verify against the source.Financial advisors should note that major firms like Cetera and Ameriprise are facing class-action lawsuits over data breaches, signaling heightened cybersecurity risks in the industry. FINRA's new reporting portal further emphasizes increased regulatory scrutiny on data protection, which is crucial for advisors to consider when adopting new technologies, including AI.
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