All Finance articles – Page 39
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News Brief
Insight Partners fined $1.5M over excess fees, conflicts of interest
Insight Venture Management agreed to pay a $1.5 million penalty in settling with the Securities and Exchange Commission for allegedly overcharging management fees and failing to disclose conflicts of interest regarding fee calculations.
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News BriefPIMCO to pay $9M in SEC disclosure, policy failure settlements
Pacific Investment Management Company agreed to pay a combined $9 million to resolve two separate actions brought by the Securities and Exchange Commission regarding alleged violations of the Advisers Act.
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Blog
DigitalBridge promotes investment management GC to chief legal officer
Financial services company DigitalBridge announced the promotion of Geoffrey Goldschein, investment management division managing director and general counsel, to chief legal officer and company secretary.
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Blog
Mariva Capital Markets recruits CCO from Beta Capital Securities
Financial services veteran Robert Lebowitz joined Mariva Capital Markets as chief compliance officer.
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News Brief
SEC charges Sabby Management over short sales
New Jersey-based investment adviser Sabby Management and its managing partner were charged by the Securities and Exchange Commission with engaging in a fraudulent short selling scheme involving the stocks of nearly a dozen public companies.
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ArticleThe importance of protecting client money
In today’s financial landscape, protecting client money and assets is a fundamental requirement of an effective compliance program. If client money is not protected, firms can suffer serious consequences.
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News Brief
SEC risk alert expands marketing rule exam focus areas
The Securities and Exchange Commission is expanding its examination focus regarding investment advisers’ compliance with its new marketing rule.
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News BriefCFPB: ‘Poorly deployed’ AI chatbots harming banking customer service
The Consumer Financial Protection Bureau flagged risks regarding expanded use of chatbots by financial institutions, specifically for customer service purposes.
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News BriefSEC rule prohibits manipulating CCOs at security-based swaps
The Securities and Exchange Commission adopted two rules aimed at curbing potential misconduct in the security-based swaps market.
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News BriefOneMain Financial fined $4.25M in NYDFS cybersecurity case
Mortgage servicer OneMain Financial Group will pay $4.25 million to settle allegations it left customer information vulnerable to cyberattacks by failing to implement required controls under New York’s cybersecurity law.
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Blog
Securian Financial recruits DEI chief from Target
Securian Financial announced the appointment of Tariq Malik as second vice president and chief diversity officer.
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ArticleExpert: It’s time to embrace artificial intelligence
The rapid rate at which technology is developing is staggering, particularly in relation to artificial intelligence. Can we, as compliance practitioners, keep up?
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News BriefFINRA fines JPMorgan unit $750K over inaccurate, duplicative orders
JPMorgan Securities agreed to pay $750,000 to settle allegations levied by the Financial Industry Regulatory Authority that its inadequate financial risk management controls and supervisory procedures allowed erroneous orders to be placed with exchanges or alternative trading systems.
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Blog
Lincoln Financial appoints chief risk officer
Lincoln Financial Group announced the appointment of Andrew Rallis as executive vice president, chief risk officer.
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PremiumJPMorgan whistleblower candidly shares experiences at CW2023
If compliance officers are good at their jobs, they can expect to eventually catch their employers breaking the law, whistleblower Edward Siedle told attendees during a fireside chat at Compliance Week’s 2023 National Conference.
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News BriefSEC proposal seeks risk stability for clearing agencies
The Securities and Exchange Commission proposed a package of rule changes designed to enhance the risk management responsibilities and resilience of covered clearing agencies.
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PremiumCW2023: Lessons still to be learned from Bernie Madoff scandal, author says
The Bernie Madoff scandal came to light 15 years ago, but lessons from the notorious Ponzi scheme are as fresh as ever, author Jim Campbell said during his fireside chat at Compliance Week’s 2023 National Conference.
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ArticleQ&A: Rising Star in Compliance Anastasia Savvateeva
Anastasia Savvateeva, deputy head of financial crime compliance for continental Europe at Fidelity International Luxembourg, shares with Compliance Week her view on keys to compliance success, work experiences, and future aspirations.
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News Brief
SEC risk alert highlights transition efforts from LIBOR
The Division of Examinations at the Securities and Exchange Commission issued a risk alert to aid registered investment advisers and investment companies in their transition efforts away from the London Interbank Offered Rate.
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PremiumESG reporting an opportunity to showcase compliance quality
Hassan Chaudry, director of compliance at Canada-based asset management firm Starlight Investments, shares his take on how companies can derive value from their compliance efforts regarding environmental, social, and governance and anti-bribery and corruption.