-
Hong Kong regulator fines EFG Bank more than $1.3m for multiple failures
The SFC said the penalty is due to failures relating to product due diligence, recordkeeping, and late reporting.
-
FINTRAC hits five real estate brokerages with C$368k in AML penalties
Five firms face administrative monetary penalties after exams found gaps in AML programs and suspicious transaction reporting.
-
SEC’s off-channel comms crackdown eases, compliance professionals say
A Citywire report says that RIAs are reporting softer exams on texts and messaging apps, but compliance teams are not letting their guards down.
-
FINRA fine on broker-dealer spotlights supervisory controls
The broker-dealer was cited for compliance violations, including failures related to Reg BI, email retention, and the supervision of outside business activities.
-
Alternative Asset Management compliance roundtable focuses on tech
Leading compliance professionals from the alternative asset management sector gathered at Global Relay’s London offices to discuss current issues.
-
FINRA fines Ally Invest $850k for recordkeeping failures
22.6 million business-related e-comms were left unpreserved, and 521,000 messages unreviewed, due to technical and policy failures.
-
What happens when marketing meets compliance
Lessons from the SEC’s first Marketing Rule case.
-
SEC’s Atkins doubles down on cautious regulation in FT interview
“…in more recent years [the SEC] was not grounded in precedent [or] predictability. It would shoot first and then ask questions later,” Atkins said.