Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
SEC Publishes Frequently Asked Questions on Form CRS
As the first filing deadline for the Securities and Exchange Commission’s (“SEC”) new Form CRS is approaching on June 30, 2020, the SEC Division of Investment Management and Division of Trading and Markets have published a frequently asked questions document in response to inquiries they have... 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.
Read MoreCybersecurity is becoming a greater priority each year for investment firms. Not only is the risk of attack increasing from a growing number sources, but the level of potential damage to individual firms and the overall market also increases with each passing year.
Read MoreHamlin Capital Management, LLC — Cease-and-Desist Order and Remedial Sanctions Levied by SEC
October 04, 2018
Hamlin Capital Management, LLC, a New-York-based investment adviser, has been charged by the Securities and Exchange Commission (SEC) with violations concerning cross trading activity that favored particular client accounts over others.
Read MoreKeeping Accurate Books? — SEC Charges BGC Financial for Failure to Preserve Critical Records
September 17, 2018
A broker-dealer’s internal Policies and Procedures for keeping accurate and up-to-date records of compensation, travel, and gifts and entertainment expenditures, including audio files, are an essential part of a firm’s books and records requirements.
Read MoreCompliance Alert: OCIE Issues Best Execution Risk Alert
September 14, 2018
Among a variety of other requirements, investment advisers have a fiduciary duty to seek the best available execution for each client’s trades at the most favorable prices possible under current market conditions.
Read More
