Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
SEC Publishes Risk-Based Examination Priorities for Registered Investment Companies
In an early November announcement, the Securities Exchange Commission (SEC) has publicized new exam initiatives that were announced in a recent risk alert by the Office of Compliance Inspections and Examinations (OCIE) concerning mutual funds and exchange-traded funds. Read MoreInvestors have sued JPMorgan Chase & Co., and a group of precious metals traders employed there, in New York federal court, claiming they manipulated futures contracts through a rogue broker practice known as “spoofing.”
Read MoreDisclosure Improvements Proposed by SEC for Variable Annuities and Variable Life Insurance Contracts
December 17, 2018
In an Oct. 30, 2018, press release, the Securities and Exchange Commission (SEC) has announced that a proposal for updated disclosure agreements involving the complicated arena of variable annuities and variable life insurance contracts has been approved for public comment.
Read MoreFTC Develops Cybersecurity Education Program
December 13, 2018
Cyberattacks pose a very real threat to all modern businesses, from massive corporate conglomerates to smaller local establishments, causing ever greater financial losses and increased headache each year for all who are affected.
Read MoreFraudulent Claims of SEC Approval in Marketing Cryptocurrency Trading
December 11, 2018
As the awareness and popularity of cryptocurrencies increase, so do the instances of fraud and dishonest behavior associated with their trade, which is evidenced by the recent Securities and Exchange Commission (SEC) Investor Alert on the subject.
Read MoreSEC Charges Two Brokers with Defrauding Customers
November 15, 2018
In separate complaints, the Securities and Exchange Commission has charged two brokers, Emil Botvinnik of Florida and Jovannie Aquino of New York, with recommending excessive levels of short-term trades that appear to have generated lucrative commissions for the brokers, but were almost certain...
Read MoreFraudulent messaging that affects retail investment decisions comes in many forms, but the applicable regulatory statutes apply across all circumstances.
Read MoreThe Red Flags Rule: SEC Charges Voya Financial Advisors Inc. With Deficient Cybersecurity Procedures
November 12, 2018
In the first case of its kind, charges have been filed against a firm for failure to meet the standards of identity theft the Red Flags Rule, which sets standards for the protection of customers against identity theft.
Read MoreVirtual Currency Trading Risk — NFA Sets New Disclosure Requirements
October 16, 2018
The promise of lucrative and rapid profits in virtual currency trading, including its derivatives, has attracted a high number of investors who may not understand the unique and potentially significant risks involved.
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