All Finance articles – Page 31
-
News Brief
SEC bulletin tackles Reg BI care obligation FAQs
Staff at the Securities and Exchange Commission issued a bulletin addressing standards of conduct for broker-dealers and investment advisers in addressing their care obligations under Regulation Best Interest and the Investment Advisers Act.
-
Blog
Sendero Wealth Management names general counsel, CCO
Sendero Wealth Management announced the appointment of Julie Gerron as general counsel and chief compliance officer.
-
News BriefBetterment to return $9M to clients in SEC material misstatement case
New York-based investment adviser Betterment agreed to pay $9 million to settle charges levied by the Securities and Exchange Commission over material misstatements and omissions related to its automated tax loss harvesting service.
-
News Brief
SEC fines Corvex Management $1M for SPACs conflicts
Corvex Management agreed to pay $1 million to settle allegations it failed to disclose personnel ownership in certain sponsors of special purpose acquisition companies and didn’t have policies and procedures reasonably designed to thwart conflicts of interest.
-
Blog
Wedbush Securities appoints chief compliance officer
Financial services company Wedbush Securities announced the appointment of Matt Lisle to chief compliance officer of its futures division.
-
Blog
Aon recruits ex-Goldman Sachs CCO for board of directors
Financial services provider Aon announced the appointment of former Goldman Sachs Chief Compliance Officer Sarah Smith to its board of directors.
-
News Brief
Infinity Q founder sentenced to 15 years for fraud scheme
The former chief investment officer and founder of investment adviser Infinity Q Capital Management was sentenced to 15 years in prison and ordered to forfeit $22 million for artificially inflating the values of certain derivatives to defraud investors.
-
Blog
Mather Group names chief compliance officer
Wealth management firm The Mather Group announced the appointment of Stuart Evans as chief compliance officer.
-
Blog
Cenlar FSB appoints chief compliance officer
Mortgage loan subservicer Cenlar FSB announced the appointment of Marlon Groen as chief compliance officer.
-
Blog
Dextra Partners names general counsel, chief compliance officer
Private equity firm Dextra Partners announced the hiring of Lorne Smith as general counsel and chief compliance officer.
-
News BriefGoldman Sachs settles CFTC charges over same-day swaps manipulation for $15M
Goldman Sachs will pay a $15 million fine to settle charges from the Commodity Futures Trading Commission it manipulated the execution of same-day swaps to the detriment of unsophisticated clients and for failing to accurately disclose the actual cost of those swaps.
-
Blog
TradePMR appoints chief risk officer
Technology and custodial services company TradePMR announced the appointment of Charles Reiling as chief risk officer.
-
News BriefTreasury: DeFi services vulnerable to AML/CFT, cybersecurity risks
A new U.S. Treasury report concluded that decentralized finance services are being used by bad actors to launder the proceeds of illegal activity, aided by crypto platforms weak or non-existent in anti-money laundering and sanctions compliance programs.
-
News BriefGoldman Sachs fined $3M by FINRA over mismarked short sales
Goldman Sachs was fined $3 million by the Financial Industry Regulatory Authority for mismarking nearly 60 million short sell orders as long and related supervision failures.
-
News Brief
Merrill Lynch to pay $9.7M over undisclosed fees
Merrill Lynch agreed to pay nearly $9.7 million as part of a settlement with the Securities and Exchange Commission addressing allegations the firm charged more than $4 million in undisclosed fees to clients.
-
News BriefEY Germany receives two-year ban over Wirecard audit work
Big Four audit firm EY will be prohibited from taking on new public interest clients in Germany for two years following an investigation into its work at collapsed payment processor Wirecard.
-
News BriefUphold HQ fined $72K in OFAC sanctions case
Uphold HQ will pay $72,230 to settle charges levied by the Office of Foreign Assets Control that it processed sanctioned transactions for persons in Iran and Cuba and government employees in Venezuela.
-
News BriefOCC establishes Office of Financial Technology to keep pace with fintechs
The Office of the Comptroller of the Currency established its Office of Financial Technology to supervise the fintech industry as it grows at a “rapid pace.”
-
News Brief
SEC warns newly registered advisers of overburdening CCOs
Investment advisers newly registering with the SEC have been observed not devoting sufficient resources to their chief compliance officers, sometimes ladling additional responsibilities on the role that take away from time to focus on compliance.
-
Blog
DailyPay appoints chief legal, strategy officer
Financial technology company DailyPay announced the appointment of Jared DeMatteis as chief legal and strategy officer.