Tag: FINRA
New SEC rules could change the game for hedge funds and...
The U.S. Securities and Exchange Commission (SEC) has recently made significant adjustments to its regulatory framework, introducing two pivotal rules, Rules 3a5-4 and 3a44-2, collectively known as the Final Rules.
The 4 pillars of future financial crime compliance
In the ever-changing world of risk management, where the challenges are formidable and constantly evolving, the role of risk executives and their teams is more vital than ever. The cornerstone of this ecosystem, financial crimes compliance, requires not just vigilance but also a forward-thinking approach to innovation.
Navigating FINRA Renewals: Essential Guide for Financial Firms
As the end of the year draws near, financial firms are under the gun to complete their annual FINRA and state/jurisdiction registration renewals. With deadlines fast approaching, it's critical to have a robust framework in place for timely, cost-effective, and efficient renewals, not just for this year but for the future as well.
SEC’s 2024 exam priorities: Spotlight on compliance and recordkeeping practices
The SEC exam priorities for 2024 underscore the importance of compliance and recordkeeping within financial services. The focus will be on practices and products...
The regulatory evolution: GIPS Standards gain prominence in private markets
The private markets have witnessed a substantial increase in managed assets over the last decade, attracting the attention of U.S. regulators aiming to enhance transparency through expanded regulation. With these regulatory developments, it's time to re-evaluate the Global Investment Performance Standards (GIPS), which have evolved from being the gold standard for investment performance presentation to a tool that assists advisers in meeting new regulations.
Goldman Sachs settles $6m SEC penalty for incomplete blue sheet submissions
Goldman Sachs & Co. has settled charges with the Securities and Exchange Commission (SEC) for neglecting to supply comprehensive and precise securities trading details, otherwise known as blue sheet data. The prominent financial institution has consented to a penalty of $6m to conclude the SEC's allegations.
The importance of eComms recordkeeping in FinTech
In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.
Digital private markets leader Netcapital secures $1.2m in public offering
Netcapital, a distinguished player in the digital private capital markets ecosystem, has made an important announcement today.
Global regulators turn the heat up on trade surveillance: How can...
In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance.
FinTech firm Netcapital sets to offer $1.7m shares in direct offering
Netcapital, a digital private capital markets ecosystem listed on Nasdaq as NCPL and NCPLW, has entered into definitive agreements to offer an aggregate of 1.1m shares of its common stock at $1.55 per share.