ComplySci a Top 10 FinTech Solution Provider 2018

ComplySci is recognized by CFO Tech Outlook magazine as a Top 10 FinTech Solution Provider for 2018 in its annual listing of companies that are at the forefront of tackling customer...

Fostering and Measuring Company Culture for Financial Services Firms

Financial services firms have worked for decades to create and maintain cultures of compliance, with varying degrees of success. In a recent publication, “Transforming Culture in Financial Services,” the Financial Conduct Authority (FCA) explored the way culture is...

Is Your Firm Prepared for GDPR?

On 25 May 2018, the General Data Protection Regulation (GDPR), the European Union’s new data privacy regulation, will go into effect.  From that day forward, firms that handle data from citizens or residents of EU countries will be bound by the new rules. Failure to...

Understanding FINRA’s Proposed OBA Rule

In February, FINRA issued Regulatory Notice 18-08, requesting comments on a new rule that would replace current rules 3270 (Outside Business Activities of Registered Persons) and 3280 (Private Securities Transactions of an Associated Person.) If the new rule becomes...

Federally-Registered RIAs Should Expect More Remote Oversight in 2018

In 2012, the SEC examined approximately eight percent of registered firms. In 2017, approximately 15 percent of RIAs were examined, despite an increase in the number of registrants and the agency’s limited resources. How did they manage to nearly double the...

FCA Requesting Input on How Technology Can Improve Regulatory Reporting

The Financial Conduct Authority (FCA) recently launched a call for input, asking how financial services providers believe using technology could ease the burden of filing regulatory reports while simultaneously improving the quality of reported information. With more...

Help! We Have a Conflict of Interest Breach. Now What?

If your firm is like most, you carefully crafted your code of ethics and conflict of interest policies to comply with SEC, FINRA, FCA, or other applicable regulations, and of course your own internal policies. Inevitably, there will come a day when an employee...