All Finance articles – Page 38
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Blog
Z Capital Group promotes CCO to general counsel
Z Capital Group announced the promotion of Chief Compliance Officer Erik Kreutzer to general counsel, chief compliance officer, and head of legal.
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Blog
ConvexityShares Trust appoints interim chief compliance officer
ConvexityShares Trust, an exchange-traded fund provider, announced the appointment of Joseph Ferraro as interim chief compliance officer, according to a public filing.
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News BriefEx-CCO gets three years in prison for wire fraud
A former chief compliance officer of an unnamed New York-based investment adviser was sentenced to three years in prison for defrauding clients and her employer.
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News Brief
SEC commissioners question best execution ruling in Huntleigh Advisors case
Huntleigh Advisors and affiliate Datatex Investment Services agreed to pay $893,502 to settle charges laid by the Securities and Exchange Commission regarding failure to disclose conflicts of interest to their advisory clients over eight years.
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PremiumRuling in Experian GDPR case thrusts ‘legitimate interest’ into spotlight
Experian won a legal battle against the U.K. Information Commissioner’s Office after the data regulator ordered the credit reference agency to make “fundamental changes” over the way it handled personal data for direct marketing purposes or stop altogether.
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Blog
CBRE adds ex-Microsoft environmental head as chief sustainability officer
Commercial real estate and investment firm CBRE Group announced the appointment of Robert Bernard as chief sustainability officer and senior vice president, client sustainability solutions.
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Blog
Marqeta recruits chief legal officer from Blend
Card issuing platform Marqeta announced the appointment of Crystal Sumner as chief legal officer.
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Blog
Spirit Super names chief risk officer
Australia-based financial services company Spirit Super appointed Will Sadler as chief risk officer.
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News BriefSEC cites CCO error in HITE Hedge short selling case
Investment advisory firm HITE Hedge Asset Management and its private fund clients agreed to pay more than $220,000 to settle allegations the firm violated a Securities and Exchange Commission rule concerning short selling.
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Blog
Mastercard promotes CCO to chief risk officer
Mastercard announced the promotion of Chief Compliance Officer Karen Griffin to chief risk officer.
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News BriefMormon church, investment manager pay $5M for misstating asset ownership
The Church of Jesus Christ of Latter-day Saints and its investment advisory firm agreed to pay a total of $5 million to settle charges from the Securities and Exchange Commission that both entities conspired to obscure the value of the church’s investments.
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News BriefSEC, CFTC order Options Clearing Corp. to pay $22M over internal rule failures
Options Clearing Corp. agreed to pay $22 million as part of settlements with the Securities and Exchange Commission and Commodity Futures Trading Commission addressing charges the company failed to comply with internal rules to manage risks.
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Blog
Coalesce Capital appoints chief compliance officer
Private equity firm Coalesce Capital announced the appointment of Bethany Foullois as chief compliance officer and chief operating officer.
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News BriefSEC proposes expansion of RIA custody rule
The Securities and Exchange Commission proposed registered investment advisers be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
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Blog
Quantum Energy Partners names chief compliance officer
Quantum Energy Partners, a financial services firm serving the energy industry, announced the appointment of Sharmin Beacco as chief compliance officer.
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News BriefAmigo Loans dodges $89M fine over IT system lending lapses
Amigo Loans faced a penalty of £72.9 million (U.S. $88.7 million) after the U.K. Financial Conduct Authority found it used automated decision-making to drive sales over ensuring whether customers posed credit risks.
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Blog
LendKey promotes general counsel to chief legal officer
LendKey, an online student loan marketplace, announced the promotion of David Mark to chief legal officer and head of regulatory compliance.
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Blog
POSaBIT appoints chief compliance officer
POSaBIT Systems Corp., a financial technology company serving the cannabis industry, announced the appointment of Sarah Mirsky-Terranova as chief compliance officer.
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News Brief
SEC exam report highlights Marketing Rule, Reg BI, private fund advisers
The Securities and Exchange Commission’s 2023 examination priorities report laid out areas under the microscope this year, including compliance with the agency’s Marketing Rule and Regulation Best Interest.
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News BriefTreasury report flags benefits, drawbacks to use of cloud services
The Treasury Department issued a report regarding the benefits and challenges associated with the use of cloud service providers by financial sector firms, finding shortcomings related to transparency, staff support, and cybersecurity incident response.