Know News

Know News

is a curated selection of the latest news and views from leading sources in the compliance industry, as well as what's going on at Patrina.

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Know News Archives
October 15, 2020

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

“The best-laid plans of mice and men…”  It was only a year ago at SEC Speaks 2019, that Securities & Exchange Commission (SEC) Chairman Jay Clayton […]
October 7, 2020

Supervision failures cost three Citibank affiliates $4.5 million

Supervision failures cost three Citibank affiliates $4.5 million   The Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges against three […]
April 5, 2017

System failure? System backup!

Just last summer Timothy Massad, chair of the U.S. Commodities and Futures Trading Commission (CFTC), raised the issue of disaster recovery. Citing initiatives by the Committee […]
March 30, 2017

Regulators tag team RIAs, Broker-Dealers, and FCMs

Being tag-teamed in a game of touch football is one thing. A compliance pile on by multiple financial service regulatory bodies is another. Writing about last […]
March 22, 2017

New CFTC mandate: Economic growth + Leaner ops

Created in reaction to the 2008 financial markets meltdown, the Dodd-Frank Act may no longer have a role to play. So said Acting Commodity Futures Trading […]
March 15, 2017

The new gender challenge

Male advisors do more bad things, but female advisors face stiffer punishments Who knew there was a double standard for misbehaving financial advisors? Surprise!
March 8, 2017

SEC budget cuts don’t necessarily mean less enforcement

It’s belt-tightening time at the Securities & Exchange Commission’s (SEC’s) enforcement unit. Early indication was that when Wall Street bond deal-makers convened at their annual reunion […]
March 1, 2017

The IAA cites data and information security as top compliance concern

Safeguarding critical information remains the top compliance concern for federally registered investment advisors. That’s according to the 11th annual Investment Advisor Association (IAA) survey of members. […]