The Securities and Exchange Commission has charged a Pennsylvania investment adviser with operating an investment advisory fraud involving over USD100 million in investments. The SEC also obtained an emergency asset freeze. The SEC’s complaint alleges that Brenda Smith, and her fund
Koger has enhanced its compliance technology to provide a comprehensive tool for financial crime prevention. The company’s KURE software handles all aspects of Anti-Money Laundering and Know Your Client (AML/KYC) due diligence, as well as complete Customer Lifecycle Management (CLM).
With the General Data Protection Regulation (GDPR) coming into force on 25 May 2018, there is an increased urgency for financial services businesses to improve the way data is managed and secured. However, new research from managed services provider Claranet
By Martin Lovick (pictured), Senior Principal Consultant, ACA Compliance Group – Sexual harassment and other forms of “non-financial misconduct” are now on equal footing with types of financial misconduct, such as market abuse, for the UK Financial Conduct Authority (FCA).
The Securities and Exchange Commission has charged New York-based broker-dealer AOC Securities, and its former chief executive officer, Ronaldo Gonzalez, with failing to supervise an AOC broker who provided inflated price quotes for certain securities to a significant customer of
The Commodity Futures Trading Commission (CFTC) has made an award of approximately USD2 million to two model whistleblowers who provided the agency with significant information that prompted the CFTC to open an investigation. The CFTC found numerous violations of the
The Commodity Futures Trading Commission (CFTC) has issued an Order filing and simultaneously settling charges against Respondent, Eagle Market Makers, Inc. (Eagle), an Illinois firm, for engaging in wash sales and noncompetitive transactions which were traded on the Chicago Board
Commodity pool The Kane Capital Investment Group and its President, Amrit Jaswant Singh Chahal have been ordered by a Viriginia federal court to pay USD1.2 million in a case stemming from a CFTC Complaint charging the defendants with commodity futures
SteelEye, a compliance technology and data analytics platform, has announced Senior Manager & Certification Regime (SM&CR) capabilities within the SteelEye platform, helping firms effectively monitor and manage their compliance. As a key part of Financial Conduct Authority (FCA) strategy for
The Securities and Exchange Commission has taken another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act. These and other
