Compliance News

The Patrina Newsroom

Staying up to date with the changes and developing trends in the world of compliance is vital to reducing your exposure to risk and non-compliance. Each week our team searches for topics that are important to our regulatory environment and creates articles that will inform and educate our readers. Our intent is not to single out any businesses because of their lack of oversight, but to merely keep our readers abreast of the developing trends in regulatory compliance. Staying out of the regulators’ crosshairs is challenging and we hope the articles we share are informative and help you to strength your compliance initiatives.

Your thoughts and comments are greatly appreciated!

April 28, 2022

FINRA Releases FAQ on Restricted Firm Rule

Read Full Article The Financial Industry Regulatory Authority has released frequently asked questions guidance on Rule 4111 (Restricted Firm Obligations), which sets extra requirements for broker-dealers […]
April 28, 2022

Are Broker-Dealers Acting in the Best Interests of Their Customers? ‘Not Yet,’ Says FINRA

Read Full Article During its first-ever review of compliance with Regulation Best Interest (Reg BI), the Financial Industry Regulatory Authority (FINRA) found significant numbers of broker […]
May 25, 2022

BNY Mellon unit pays $1.5 million over ESG fund misstatements, SEC says

Read Full Article The U.S. Securities and Exchange Commission (SEC) on Monday said BNY Mellon Investment Adviser had paid $1.5 million to resolve charges it misstated […]
May 25, 2022

SEC Awards Whistleblower Whose Tip Led to Opening of Investigation

Read Full Article On May 19, the U.S. Securities and Exchange Commission (SEC) issued a whistleblower award to an individual who voluntarily provided the agency with […]
May 25, 2022

Continued SEC/FINRA “Complex” Product Concerns: Will Good Regulatory Harvest Arrive?

Read Full Article Like farmers uncertain about what crop to plant, the SEC and FINRA continue to cast about for ways to enhance their regulatory framework […]