MCO Wins Best Compliance Management Solution in FinTech Breakthrough Awards

NEW YORK - March 23, 2023 – Global conduct risk and compliance technology provider MyComplianceOffice (MCO), today announced that it has been selected as winner of the “Best Compliance Management Solution” award in the 7 th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough , an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.   
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Hong Kong SFC to Regulate Virtual Asset Trading Platforms

The virtual asset market has seen its share of upheaval recently. By the end of 2022, the global decentralised virtual asset (cryptocurrency) market had slumped by 64.1% to $829 billion, down from $2.3 trillion at the start of the year, according to a 2023 report by CoinGecko.

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Insider Trading in the Lead-Up to the Banking Crisis

The stability of the global banking system is a top-of-mind concern for everyone right now. And as the world worries about bank liquidity and the safety of their deposits, a handful of executives have been using access to insider information to turn staggering profits by selling off company stock.

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How to Manage Connected Persons and Personal Relationships

Compared with other industries, the financial services industry inherently has an elevated risk of conflicts of interest. In particular, connected persons and close personal relationships can influence decisions that result in significant business and financial impact. After all, we’re all human and sometimes act based on emotion. Unfortunately, those human, emotional connections can sometimes lead to severe conflicts.

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Adopted SEC Rule 10b5-1 Amendments Increase MNPI Scrutiny

The U.S. Securities and Exchange Commission adopted proposed amendments to Rule 10b5-1 to enhance disclosure requirements and investor protections against insider trading. According to the SEC release, "the final rules aim to strengthen investor protections concerning insider trading and to help shareholders understand when and how insiders are trading in securities for which they may at times have material nonpublic information."

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