All Finance articles – Page 44
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CIFC Asset Management appoints chief compliance officer
CIFC Asset Management, an alternative credit specialist, announced the appointment of Lily Wicker as managing director, chief compliance officer and associate general counsel.
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ArticleCybersecurity, beneficial ownership lessons found in SEC fraud case
Charges levied by the Securities and Exchange Commission regarding an international scheme in which hackers accessed online brokerage accounts to manipulate stock prices impart cybersecurity and beneficial ownership lessons for compliance professionals.
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ArticleIFP Advisors fined $400K for supervision failures in ex-rep’s ‘cherry-picking’ scheme
The Securities and Exchange Commission settled charges against Florida-based investment adviser IFP Advisors and its former representative relating to a multiyear “cherry-picking” scheme.
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ArticleSEC, CFTC propose large hedge funds provide more financial disclosure
The SEC and CFTC proposed expanding Form PF disclosure requirements for large hedge funds to include more information on their investment strategies, investment exposure, open positions, and borrowing arrangements with counterparties, among other areas.
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ArticleMorgan Stanley reaches $200M agreement over unauthorized electronic messages
Morgan Stanley has reached agreements in principle totaling $200 million with the SEC and CFTC to settle charges its employees used messaging platforms not approved by the financial services company.
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ArticleRoundup: Goldman Sachs, Citi, Robinhood disclose regulatory investigations
Goldman Sachs Group, Citigroup, and Robinhood Markets each issued quarterly filings disclosing regulatory investigations they are respectively facing into varied business practices.
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Blackstone names CCO for secured lending, private credit funds
Blackstone announced the appointment of William Renahan to chief compliance officer for its secured lending and private credit funds.
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BlueOnion adds chief sustainability officer
Financial technology firm BlueOnion, a subsidiary of WealthAsia, announced the appointment of Jeanne Ng as chief sustainability officer.
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IDIQ names chief compliance officer
IDIQ, an identity theft protection and credit reporting monitor, announced the appointment of Beth Cheeseman Kearney as general counsel and chief compliance officer.
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BHG Financial names chief compliance officer
BHG Financial announced the appointment of Matt Ondus as chief compliance officer.
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Freddie Mac names chief compliance officer
Freddie Mac announced the appointment of Dennis Hermonstyne Jr. as senior vice president and chief compliance officer, effective Sept. 19.
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Mastercard appoints chief sustainability officer
Mastercard announced the appointment of Ellen Jackowski as chief sustainability officer.
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Validus Capital appoints chief compliance officer
Investment advisory firm Validus Capital announced the appointment of Sean Chen as chief operating officer, chief compliance officer, and managing partner.
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ArticleAmerican Express to pay $430K for violations of sanctions against drug kingpin
A subsidiary of American Express agreed to pay $430,500 to settle charges its network processed 214 transactions on behalf of a Venezuelan drug kingpin who was designated on the U.S. sanctions list, according to the Office of Foreign Assets Control.
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Admiral Group names group chief risk and compliance officer
Admiral Group, a financial services and insurance company with businesses in the United Kingdom, Europe, and America, announced the appointment of Keith Davies as group chief risk and compliance officer.
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ArticleSurvey: Widening remit driving cost of compliance higher, retention lower
Compliance functionality is vital to the future of financial services firms, but many are “struggling to meet their commitments while maintaining an appropriate risk and compliance culture,” according to the “Cost of Compliance Report 2022” by Thomson Reuters.
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Propel Finance names director of compliance
U.K.-based Propel Finance announced the appointment of Jennifer Bodey as director of compliance and conduct risk.
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ArticleSEC’s Peirce weighs CCO enforcement case against liability framework
What would it look like if the SEC adopted a chief compliance officer liability framework? Commissioner Hester Peirce offered a preview in a statement regarding an enforcement action against the CCO of a formerly registered investment adviser.
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ArticleUBS to pay $25M over ‘inadequate’ training, oversight in SEC fraud case
UBS Financial Services agreed to pay approximately $25 million to settle fraud charges brought by the SEC that cited “inadequate” training and supervisory oversight of the firm’s financial advisers regarding a complex options trading strategy.
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ArticleFinCEN/BIS alert flags Russia export control evasion indicators
The Financial Crimes Enforcement Network and Bureau of Industry and Security warned financial institutions to be on the lookout for new and novel ways individuals and entities in Russia and Belarus are attempting to evade export controls.