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By Martina Rejsjö, Director of Regulatory Affairs, Eventus   SEC Charges an Asset Management Firm for Abusive Bond Trading The Securities Exchange Commission (SEC) has brought charges against an asset management firm and its founder relating to their advice and execution of trades in clients’ fixed income portfolios. The firm agreed to pay more than […]

By Mike Castiglione, Director of Regulatory Affairs, Digital Assets, Eventus   Cracking Down on Financial Misconduct and Market Manipulation The U.S. Securities and Exchange Commission (SEC) and Commodities Future Trading Commission (CFTC) are each asking Congress for about a 13 percent increase in funding for fiscal year 2024 in part to expand their enforcement and

Originally published by Markets Media   Compliance in Focus is a content series on regulatory topics for financial markets and challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus. Mike Castiglione, former CIA analyst and now Director of Regulatory Affairs, Digital Assets at Eventus, brings public sector expertise and perspectives

By: Christopher Waitz, Director of Regulatory Affairs, Eventus   The prohibition against disruptive trading practices and market manipulation is a foundational element for most regulatory and self-regulatory regimes globally. Certain abusive behaviors, such as Spoofing or Marking the Close (also known as “Banging the Close”), receive the most attention from regulators and compliance teams. However,

By: Mike Castiglione, Director of Regulatory Affairs, Digital Assets, Eventus   The National Futures Association (NFA) in March 2023 proposed a new rule to expand its anti-fraud, trade monitoring, and supervision requirements on all members that engage in digital asset commodities activities, in both derivative and spot markets. This rule goes into effect on May

Originally published by Markets Media   Compliance in Focus is a content series on regulatory topics for financial markets and challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus. One year ago, the newly sworn-in chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, shared his vision and

By: David Griffiths, Director of Regulatory Affairs, APAC, Eventus   White Paper Insights This white paper examines how regulators approach market disruption in the digital era, and how institutions are responding. Discover how institutions are breaking down boundaries in trade compliance, and what it means for operational efficiency.   Download the white paper here:

Originally published by FinTech Global   The pace of market change that financial institutions must endure is climbing, with every year posing new challenges and opportunities. What will happen in AML in 2023? In a recent post, Eventus president Jeff Bell explained how he is reimagining AML as well as some of the top challenges compliance officers

Originally published by Markets Media   Compliance in Focus is a content series on regulatory topics for financial markets and challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus. As seen in 2022 and continuing this year, the pace of market change financial institutions must endure is increasing. New

By: Mike Castiglione, Director of Regulatory Affairs, Digital Assets, Eventus   Only 15 percent of cryptoasset applicants have gained approval under the UK Financial Conduct Authority (FCA) anti-money laundering (AML) and countering-terrorist finance regime, according to a recent FCA notice. To assist applicants, the FCA offers guidelines about what constitutes good and bad applications to