Know News

Know News

is a curated selection of the latest news from Patrina and leading sources relating to SEC and FINRA compliant archiving regulations.

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Know News Archives
July 29, 2021
Patrina Corporation SMS Compliant Archiving

SMS Compliance: A Complete Guide for Financial Firms

SMS compliance has become a challenge in the financial industry. This is because Text messaging has gained popularity over the years as a necessary tool for […]
April 28, 2021

New regs could require family offices to register as investment advisors

Writing in Bloomberg, Reporters Joe Light and Ben Stupples report that a move by reform advocates in the wake of Archegos’ implosion could require U.S. family […]
April 21, 2021

FINRA hits HSBC Securities with a $650K fine and censure

Even longtime members of the Financial Industry Regulatory Authority (FINRA) can run afoul of the regulator. HSBC, for one, has been a FINRA member since July […]
April 15, 2021

Federal Court Orders Crypto Fraudster to pay more than $32M

According to the Commodity Futures Trading Commission (CFTC), the U.S. District Court for the District of Nevada entered a default judgment against defendants for a cryptocurrency […]
April 2, 2021

Coinbase settles $6.5M CFTC fine for inaccurate reporting and wash trading

According to Reporter Jaclyn Jaeger, writing in ComplianceWeek, Coinbase, a digital currency exchange operator, has agreed to pay a $6.5 million civil penalty to settle charges […]
March 25, 2021

Goldman Sachs fined $1.25M for compliance lapses

The Financial Industry Regulatory Authority (FINRA) issued a Letter of Acceptance, Waiver, and Consent (AWC), censuring and fining Goldman Sachs & Company $1,250,000. Why did FINRA […]
March 18, 2021

Can you commit financial fraud by Tweet?

Yes, you can. The Securities and Exchange Commission (SEC) announced fraud charges, an asset freeze, and other emergency relief against an Irvine, California-based trader who used […]
March 10, 2021

What’s the SEC looking for this year?

In announcing its 2021 Examination Priorities, the Securities and Exchange Commission’s (SEC) Division of Examinations says it will be focusing on climate-related risks in addition to […]