SEC Office of Compliance Inspections and Examinations Director Peter Driscoll urged firms to establish and maintain strong compliance programs that address AML, microcap securities, paying agents and cybersecurity.
At a meeting of the CFTC Technology Advisory Committee, members heard presentations from subcommittees and experts on automated trading, virtual currencies, cyber security and distributed ledger technology.
IOSCO summarized its 2019 initiatives in five priority areas: crypto-assets, artificial intelligence and machine learning, market fragmentation, passive investing and index providers, and retail distribution and digitalization.
The SEC Office of Compliance Inspections and Examinations highlighted exam priorities for 2019. The priorities focus on areas that represent increased risks to retail investors and the integrity of the U.S. capital markets.
The CFTC proposed amending a rule requiring certain "covered persons" to provide annual privacy notices to customers at least once a year during the life of a customer relationship. The amendment was published in the Federal Register.
SEC Chair Jay Clayton outlined progress made on the agency's 2018 rulemaking agenda, key initiatives planned for 2019 including review of the proxy process, and risks associated with Brexit, the LIBOR transition and cybersecurity.
The CFTC approved a proposed rule to amend rules which require certain "covered persons" to provide annual privacy notices to customers at least once a year during the life of the customer relationship.
The Consumer Financial Portection Bureau final amendments that will exempt certain financial institutions from the requirement of providing privacy disclosures under Regulation P were published in the Federal Register.
The Consumer Financial Protection Bureau will exempt certain financial institutions from the requirement of providing privacy disclosures concerning the treatment of nonpublic personal information about consumers.
A broker-dealer agreed to settle charges that it failed to maintain and enforce policies and procedures to prevent the disclosure of material nonpublic customer order information regarding the repurchase of shares by issuers.