All Finance articles – Page 24
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News BriefCFTC seeking comment on applications of AI in compliance
The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.
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News BriefEx-DOJ Criminal Division head Polite to lead Tavistock Group compliance review
Private equity company Tavistock Group announced the retention of law firm Sidley Austin to conduct a compliance review, the same week that its billionaire founder pleaded guilty to U.S. insider trading charges.
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Kensington Asset Management appoints compliance chief
Kensington Asset Management welcomed Steven Chang as its new chief compliance officer.
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News BriefFINRA report highlights crypto communication violations
The Financial Industry Regulatory Authority announced it uncovered potential violations of its disclosure rules in 70 percent of crypto asset communications reviewed during a targeted exam.
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R&T Deposit Solutions names chief risk officer
R&T Deposit Solutions, a provider of services to financial institutions, announced it appointed Jason Mull as executive vice president, chief risk officer and chief information security officer.
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PRA Group to add CCO from TransUnion
PRA Group, an acquirer and collector of nonperforming loans, announced the appointment of Keith Warren as chief risk and compliance officer.
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PremiumFCA sets out data ambitions, challenges firms to keep pace
Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.
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PremiumSEC-approved spot bitcoin ETFs come with unique compliance risks
The Securities and Exchange Commission’s approval of spot bitcoin exchange-traded funds will provide investors with the same access to bitcoin, bought for cash on the spot market, as they currently have to other investments—for better or worse.
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News BriefWells Fargo unit fined $425K by FINRA over trade disclosures
Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.
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Ten Oaks Group promotes general counsel to managing partner
Ten Oaks Group, a family office focused on investing in corporate divestitures, announced the promotion of General Counsel Curtis Griner to managing partner.
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Overland Advantage adds Centerbridge CCO to leadership team
Business development company Overland Advantage announced the appointment of Elizabeth Uhl, chief compliance officer of Centerbridge Partners, to its leadership team.
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News BriefRobinhood Financial to pay $7.5M in Mass. settlement
Online stock trading platform and broker-dealer Robinhood Financial agreed to pay a $7.5 million fine as part of a settlement with the Commonwealth of Massachusetts addressing claims related to “gamification” of its platform and cybersecurity issues that lent to a 2021 data breach.
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Meritize appoints chief compliance officer
Meritize, a developer of merit-based financing solutions, announced the appointment of Meredith Garland-Hannifin as its new chief compliance officer.
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PremiumAML pros say tech, not hiring, will keep them ahead of financial crime
A survey of financial crime professionals found that while three of every four companies added more anti-money laundering employees in 2023, nearly all respondents said growing their department’s headcount alone won’t keep up with emerging risks.
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Octane Lending names chief risk officer
Financial technology company Octane Lending announced it appointed Mark Molnar as chief risk officer.
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News BriefJPMorgan to pay record $18M for violating SEC whistleblower rule
A subsidiary of JPMorgan Chase will pay an $18 million fine to the Securities and Exchange Commission for allegedly violating the agency’s whistleblower protection rule in hundreds of settlement agreements with clients and customers.
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News BriefMorgan Stanley to pay $249M in SEC, DOJ fraud settlements
Morgan Stanley agreed to pay approximately $249 million as part of settlements with the Securities and Exchange Commission and Department of Justice to resolve an admitted fraud scheme involving block trades perpetrated, in part, by a former senior employee at the firm.
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KeyCorp names chief risk officer
Financial services company KeyCorp announced Darrin Benhart, deputy chief risk officer, was named the bank’s chief risk officer.
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Lendmark appoints chief audit and compliance officer
Lendmark Financial Services appointed Becky Larrison as chief audit and compliance officer.
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News BriefSEC risk alert flags observed deficiencies at security-based swap dealers
A new risk alert from the Securities and Exchange Commission highlighted common deficiencies and weaknesses in the compliance programs of security-based swap dealers.