The new service is Advice IQ, the only financial service and database company that performs advisory due diligence work across all primary U.S. regulators.
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It added that the hackers may have stolen 23, 400 financial records from an outdated 2007 database of subscribers outside the United States, including 10, 700 direct debit records of customers in Austria, Germany, the Netherlands and Spain.
So does the trade group Securities Industry and Financial Markets Association (SIFMA), whose database can be found at InvestingInBonds.com.
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We rely heavily on the databases for all data, as well as the latest financial period available for our rankings (the final database screen was run in mid-March).
And it means that your personal and financial details will be collected and stored in a database that will be a magnet for criminals and hackers from all over the world.
The database is the first of its kind for the financial services industry, and allows investors an easy (free) way to do some basic due diligence on potential or existing financial advisors.
Since launching the database BrightScope has been faced with plenty of criticism from financial advisors.
The idea was to use a unified database to make sure that different programs, say for financial planning or human resources, worked with the same information.
David Cesarini, an economist at the Center for Experimental Social Science at New York University, Magnus Johannesson of the Stockholm School of Economics and others have used the database to investigate whether people's genes play a role in determining fairness and financial risk-taking.
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Orix is also building a database aimed at luring 300, 000 individuals over the next few years with phone-delivered financial planning, investments, insurance and other financial services.
Our initial database worked great, but collecting further data would take much more time and effort than justified on the financial side, and fashion is always changing.
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Mr. Dolan said those agencies tap the database hundreds of times a week, but the FTC doesn't keep track of resulting prosecutions, financial penalties or other actions.
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