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
January 4, 2021

FINRA puts $8.8M lump of coal in Transamerica’s holiday stocking

‘Tis the season of presents and good wishes. And as most of us head off for what we hope will be a COVID-free year, 2021 may […]
December 23, 2020

The night(mare) before Christmas

Twas the night before Christmas, when all through the house Everyone was home working – with zoom and a mouse! The jacket and tie hung on […]
December 16, 2020

Poor WSPs cost Griffinest Asia Securities nearly $125K

While sanctions totaling nearly $125,000 might be “chump change” for some of the largest financial institutions, it’s no small matter for Griffinest Asia. The Pasadena, CA […]
December 9, 2020

Granite state reaches record $26,350,000 settlement with Merrill Lynch

The New Hampshire Bureau of Securities Regulation has instituted its largest monetary sanction in the Bureau’s history. In settling its case against New York-based broker-dealer Merrill […]
December 3, 2020

SEC warns RIAs to step up compliance programs

The Securities and Exchange Commission (SEC) has issued a Risk Alert that reflects issues identified in a sample of deficiency letters from recent adviser exams and […]
November 19, 2020

Have you seen this advisor?

Is this the stuff of Hollywood? The Federal Bureau of Investigations (FBI), the Securities and Exchange Commission (SEC), and a slew of disgruntled clients are looking […]
November 5, 2020

SEC had a busy 2020, and the year’s not over!

SEC Division of Enforcement Publishes Annual Report for Fiscal Year 2020 FOR IMMEDIATE RELEASE The Securities and Exchange Commission’s (SEC) Division of Enforcement has been very […]
October 28, 2020

USAA’s regulatory troubles now include an $85K OCC fine

USAA’s regulatory troubles now include an $85K OCC fine  Things are just getting worse and worse for USAA Federal Savings Bank compliance.  This week, the Office […]