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 26, 2016

Is there anyone out there doing the right thing?

FINRA Fines Merrill Lynch $2.8 Million for Systemic Reporting, Books, and Records, and Related Supervisory Violations
October 19, 2016

More rules lead to more expectations

Earlier this summer, Lynnette Kelly, executive director of the Municipal Securities Rulemaking Board (MSRB) spoke to the National Association of State Treasurers about the “New Rules […]
October 12, 2016

No future for a commodity futures fraudster

Does it sometimes feel like the compliance world is always under attack by an endless stream of self-propagating fraudsters? Where are our crime-fighting superheroes?
October 6, 2016

Another bad apple bites the dust and pays $3.2 million in fines

It’s been a difficult fall season for bad actors acting badly and for those who hire them.
September 28, 2016

Insider traders eat evidence. Pay $3+ million. Go to prison.

Are Post-it notes the new “breakfast of champions?”
September 21, 2016

Gee whiz! Fraudulent marketing cost one “whiz kid” $1.5 million

What do your marketing materials say? Anything the regulators could find actionable? Maybe…?
September 15, 2016

SEC says hire a bad apple, we’ll chop down your tree!

Okay. The Securities and Exchange Commission’s (SEC) Office of Compliance Inspections and Examinations (CIE) didn’t use those exact words…But in its September 2016 Risk Alert, it […]
September 7, 2016

FINRA to Deutsche Bank Securities: “Haben Sie $12.5 Million?

Are you supervising your “hoots” and “squawks?” Nooooooo…This NOT is a cautionary tale about how broker-dealers, RIAs, FSAs and others in financial services spent the summer […]