Tag: FINRA

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 & 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.

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.

Netcapital, a distinguished player in the digital private capital markets ecosystem, has made an important announcement today.

In a recent post, RegTech firm Eventus outlined key reasons why practitioners must be the key drivers behind trade compliance. 

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.

eFlow Global recently outlined some of the biggest challenges around navigating market abuse enforcement and future implications.

FinTech Global recently sat down for an interview with Clausematch and FINRA to find out the opportunities of digitised regulation.

The FINRA Annual Conference brings together practitioners, peers and regulators to discuss the compliance space. Red Oak Compliance has released a whitepaper detailing some of the top pain points those attending the conference had.

Stock trading app Robinhood has secured $280m in new funding after a year mired by service outages, software bugs and cancelled banking plans.