All Finance articles – Page 19
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News BriefRobinhood Financial to pay $7.5M in Mass. settlement
Online stock trading platform and broker-dealer Robinhood Financial agreed to pay a $7.5 million fine as part of a settlement with the Commonwealth of Massachusetts addressing claims related to “gamification” of its platform and cybersecurity issues that lent to a 2021 data breach.
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Meritize appoints chief compliance officer
Meritize, a developer of merit-based financing solutions, announced the appointment of Meredith Garland-Hannifin as its new chief compliance officer.
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PremiumAML pros say tech, not hiring, will keep them ahead of financial crime
A survey of financial crime professionals found that while three of every four companies added more anti-money laundering employees in 2023, nearly all respondents said growing their department’s headcount alone won’t keep up with emerging risks.
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Octane Lending names chief risk officer
Financial technology company Octane Lending announced it appointed Mark Molnar as chief risk officer.
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News BriefJPMorgan to pay record $18M for violating SEC whistleblower rule
A subsidiary of JPMorgan Chase will pay an $18 million fine to the Securities and Exchange Commission for allegedly violating the agency’s whistleblower protection rule in hundreds of settlement agreements with clients and customers.
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News BriefMorgan Stanley to pay $249M in SEC, DOJ fraud settlements
Morgan Stanley agreed to pay approximately $249 million as part of settlements with the Securities and Exchange Commission and Department of Justice to resolve an admitted fraud scheme involving block trades perpetrated, in part, by a former senior employee at the firm.
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KeyCorp names chief risk officer
Financial services company KeyCorp announced Darrin Benhart, deputy chief risk officer, was named the bank’s chief risk officer.
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Lendmark appoints chief audit and compliance officer
Lendmark Financial Services appointed Becky Larrison as chief audit and compliance officer.
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News BriefSEC risk alert flags observed deficiencies at security-based swap dealers
A new risk alert from the Securities and Exchange Commission highlighted common deficiencies and weaknesses in the compliance programs of security-based swap dealers.
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Lincoln Peak Capital adds chief compliance officer
Investment firm Lincoln Peak Capital announced Austin McClintock joined as chief compliance officer.
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News BriefFinCEN analysis: Most common identity-related suspicious activities
Fraud remains the leading form of identity-related suspicious activity cited in Bank Secrecy Act reports by a large margin, while technologies enable greater overall risks around exploitation, according to new research from the Financial Crimes Enforcement Network.
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Cresta appoints general counsel, chief compliance officer
Private equity firm Cresta Fund Management announced the promotion of Julie Westbrook to general counsel and chief compliance officer.
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State Street adds general counsel from Barclays
Financial services provider State Street Corp. announced it appointed Mark Shelton to executive vice president and general counsel.
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IFX Payments announces chief compliance officer
U.K.-based financial technology company IFX Payments announced Sara Cass is joining the business as its new chief compliance officer.
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News BriefFINRA report: Exam trends on off-channel comms, crypto, cybersecurity
A new report from the Financial Industry Regulatory Authority provides observations from examiners on emerging issues affecting the industry, including surveilling potential use of off-channel communications by employees, crypto-asset developments, cybersecurity trends, and more.
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ATP appoints chief risk officer
Denmark-based pension processor ATP appointed Jacob Lester as its new chief risk officer.
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Vista Equity Partners promotes legal, compliance chiefs to senior managing director
Investment firm Vista Equity Partners announced the promotions of Chief Compliance Officer Gwen Reinke and Chief Legal Officer Alan Schwartz to senior managing director.
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Chime adds chief compliance officer
Financial technology company Chime welcomed Shara Chang as chief compliance officer.
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News BriefLPL Financial fined $5.5M by FINRA over transaction supervision lapses
Independent broker-dealer LPL Financial agreed to pay more than $6 million as part of a settlement with the Financial Industry Regulatory Authority addressing alleged supervision failures regarding direct business transactions and the suitability of switch transactions.
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News BriefInteractive Brokers fined $3.5M in FINRA action
Electronic trading platform Interactive Brokers received a $3.5 million penalty from the Financial Industry Regulatory Authority for multiple alleged violations of the self-regulatory organization’s rules regarding execution and supervision.