The US Congress has given the Securities and Exchange Commission a game-changing 10-year statute of limitations for disgorgement, along with statutory authority to prevail on the federal courts to force non-compliant firms to disgorge their ill-gotten profits.
Snatching victory from the jaws of defeat, the United Kingdom and the European Union finally agreed a trade deal at the end of last year, just when the Brexit transition period expired. Although some commentators had retained a forlorn hope that financial services would be on the table, and that ‘passporting’ rights currently enjoyed by UK firms could continue, nothing of the kind materialised.
The UK's Financial Conduct Authority publicly censured Blue Gate Capital in December and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1, which Blue Gate operated. It has now gone into liquidation.
In January 2018, the European Union's second Markets in Financial Instruments Directive or MiFID II introduced the product governance regime (PROD) for firms that design and distribute financial instruments.
Snatching victory from the jaws of defeat, the United Kingdom and the European Union finally agreed a trade deal at the end of last year, just when the Brexit transition period expired. Although some commentator...
The US Securities and Exchange Commission's Office of Investor Education and Advocacy or OIEA is offering investors a primer on environmental, social and governance or ESG funds. ...
Almost all commercial organisations transfer personal data across borders in some form or other. In financial services, those transfers are absolutely vital and often involve sensitive and confidential informati...
A vulnerable customer is someone who, due to his personal circumstances, is especially susceptible to harm, particularly when his wealth management firm is not treating him with appropriate levels of care. The U...
To achieve the global targets set out by the Paris Agreement, countries all over the world must impose legal and regulatory obligations on financial institutions. With this in mind, all advisors and financial ma...
The UK's Financial Conduct Authority publicly censured Blue Gate Capital in December and ordered it to pay £203,007 in restitution to investors who lost money investing in the Connaught Income Fund, Series 1, w...
In January 2018, the European Union's second Markets in Financial Instruments Directive or MiFID II introduced the product governance regime (PROD) for firms that design and distribute financial instruments. ...
TCC, the compliance consultancy that has contributed often to our web-pages, has appointed Olivia Fahy, a 'culture' specialist who worked at the UK's Financial Conduct Authority, to lead the charge as its Head o...
When the Financial Action Task Force places a jurisdiction under 'increased monitoring,' it means that the country has promised to resolve its 'strategic deficiencies' swiftly and is subject to more monitoring t...
The Financial Conduct Authority of the UK plans to transform itself into a 'data-led regulator' able to make fast and effective decisions. To this end it announced that it wanted to restructure itself in Decembe...