All Finance articles – Page 24
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PremiumFCA sets out data ambitions, challenges firms to keep pace
Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.
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PremiumSEC-approved spot bitcoin ETFs come with unique compliance risks
The Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds will provide investors with the same access to bitcoin, bought for cash on the spot market, as they currently have to other investments—for better or worse.
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News BriefWells Fargo unit fined $425K by FINRA over trade disclosures
Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.
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Ten Oaks Group promotes general counsel to managing partner
Ten Oaks Group, a family office focused on investing in corporate divestitures, announced the promotion of General Counsel Curtis Griner to managing partner.
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Overland Advantage adds Centerbridge CCO to leadership team
Business development company Overland Advantage announced the appointment of Elizabeth Uhl, chief compliance officer of Centerbridge Partners, to its leadership team.
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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.