Compliance Exchange Group

11/08/2024

We are excited to announce Priya Ravishankar as the newest member of the Compliance Exchange Group team, joining us as Chief Compliance Officer! 🎉 Priya brings a wealth of experience and a proven track record in broker dealer compliance that will be invaluable as we continue to uphold our commitment to integrity and excellence.

Please join us in giving Priya a warm welcome! We’re thrilled to have her on board and look forward to achieving new heights together.

10/23/2024

SEC Division of Examinations Announces 2025 Priorities

The Securities and Exchange Commission’s Division of Examinations released its 2025 examination priorities. The Division publishes its examination priorities annually to inform investors and registrants of potential risks in the U.S. capital markets and to make them aware of the examination topics that the Division plans to focus on in the new fiscal year. This year’s examinations will prioritize perennial and emerging risk areas, such as Regulation Best Interest (Reg BI), fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence.

Key summary of this article:

“Our 2025 examination priorities identify the key areas of potentially increased risks and related harm for investors,” said Keith Cassidy, Acting Director of the Division of Examinations. “We hope that registrants will evaluate their compliance programs in the areas we identified and make the changes necessary to protect investors and maintain fair and orderly capital markets.”

Secure .gov websites use HTTPS A lock () or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

10/15/2024

AML Alert: Toronto-Dominion Bank, commonly referred to as TD Bank, is facing unprecedented fines and penalties from U.S. officials after allegedly failing to stop hundreds of millions of dollars in drug money laundering.

The bank agreed to pay more than $3 billion to various U.S. agencies and limit its growth until officials say TD Bank has done enough to fix its internal oversight issues.

https://thehill.com/business/4927394-td-bank-fines-money-laundering/

This article highlights the importance of establishing and maintaining a proper AML program.

10/15/2024

We are excited to welcome Alvaro Pereyra as the newest member of Compliance Exchange Group, stepping into the role of Broker Dealer CEO! 🎉With his extensive experience and leadership, we’re confident that Alvaro will be instrumental in driving our company’s continued success and growth.

Join us in congratulating Alvaro as he embarks on this new journey with Compliance Exchange Group. We’re thrilled to have him on board and look forward to achieving great things together!

05/17/2018

For many years, some brokers in the retail space have been selling VIX products as a ‘hedge’ on the market. In some cases, FINRA has found that some brokers don’t know much at all about the VIX products they are selling; in fact, some are pushing these products to investors under false pretenses, with little-to-no due diligence being conducted by the firm, or the rep.

After remaining dormant for many quarters, the Chicago Board Options Exchange’s Volatility Index (VIX) saw a massive spike in early February this

03/29/2018

If you’re like most broker-dealer executives, you wear many hats. Sometimes owners are driving direction as CEO, and other times they put their compliance hat on to put out fires. One commonality among all broker-dealer owners - we lack time. There is far too much to do during the day. Quickly formulated approaches and fast information is a necessity when running a firm. Unfortunately, we’ve all run into those moments when our FINRA coordinator is either unavailable, lacks the information that we require or tell us the old adage, “that’s a business decision”.

If you’re like most broker-dealer executives, you wear many hats. Sometimes owners are driving direction as CEO, and other times they put their

03/15/2018

2017 will surely be remembered for a long time as the year when crypto-currencies rose. But what about 2018 with SEC? Chris Driscoll

2017 will be remembered for a long time as the year when cryptocurrencies rose from being perceived as a fad among mostly tech geeks to gaining

03/09/2018

How the SEC is forcing Crypto to seek shelter with Finra Broker Dealers.

2017 will be remembered for a long time as the year when cryptocurrencies rose from being perceived as a fad among mostly tech geeks to gaining