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By: Christopher Waitz, Director of Regulatory Affairs, Eventus   Last year, U.S. futures exchanges continued to pursue enforcement action, with fines up to $500,000, for each violation of exchange Operator ID rules. The Operator ID, commonly known as “Tag 50” due to the data field used by CME group exchanges, is used to uniquely identify

Anti-money laundering (AML) is a mature industry with many aspects and choices about how best to satisfy regulatory requirements– from pre-onboarding through effective monitoring to reporting and off-boarding in order to help financial institutions stop financial crime.  AML is fairly procedural with a high degree of information gathering, processing, and analysis. Too often, AML’s pain-points

Originally published by Markets Media Compliance in Focus is a content series on regulatory topics for financial markets and the challenges compliance officers face in addressing surveillance and monitoring. Compliance in Focus is produced in collaboration with Eventus.   Among the bevy of U.S. Securities and Exchange Commission regulatory proposals issued in December 2022, some demand more prominence

By Sofia Österberg, Director of Client Success, Eventus   In their latest “Dear CEO” letter, the FCA highlighted a series of risks that wholesale brokers must be focused on, with some brokers likely requiring immediate attention and improvement in a number of areas. Despite progress in governance and compliance controls at larger firms, the FCA

By Martina Rejsjo, Director of Regulatory Affairs, Eventus   The Securities and Exchange Commission (SEC) recently filed a civil enforcement lawsuit against an individual for an alleged fraudulent scheme to inflate the value of a private hedge fund by manipulating the price of the fund’s single largest holding, a thinly-traded equity.  The individual was the

Originally published by Finextra By: Mike Castiglione, Director of Regulatory Affairs, Digital Assets, Eventus   The year 2022 proved what many of us already know: Compliance issues can sink your business or help you survive in volatile, uncertain markets. Regulatory technology, or regtech, is how firms solve the riddle of complying with complex rules in

Originally published by Markets Media By: Jeff Bolke, Chief Revenue Officer, Eventus   What was the highlight of 2022? The highlight is our continued growth, as clients and prospects face ever-mounting regulatory and compliance challenges and the need to do more with less. Markets have been volatile and uncertain. So firms are relying on us

By: Chris Waitz, Director of Regulatory Affairs, Eventus   The CFTC recently released its annual report on enforcement results. The report summarizes the enforcement action taken over the previous year and provides insight into the areas of focus for the agency. This year’s report demonstrates the CFTC’s continued commitment to protecting customers and ensuring market

By: Joseph Schifano, Global Head of Regulatory Affairs, Eventus   FINRA recently alerted members to an emerging threat: “pump-and-dump-like” schemes against thinly-traded initial public offerings (IPOs). The behavior that FINRA, NASDAQ, and NYSE have all observed includes a bad actor manipulating the price of a small-cap IPO to inflate the price (pump) and then profit