Recent Posts by Lisa Deschamp

 
VP of Marketing at MCO
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Fit for Purpose – Consumer Duty Compliance Remains a FCA Priority

It's been about six months since the Consumer Duty came into force, setting higher and clearer standards for consumer protection across the financial services industry.

How are firms doing with their implementations and delivery of the good customer outcomes that the FCA expects as the duty comes into force? The agency recently published guidance on lessons learned, including good practices and areas for improvement.

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Top Ten Reasons to Love MyComplianceOffice

MyComplianceOffice is an innovative, cost-effective and easy-to-use platform that streamlines compliance and regulatory processes for financial services firms. Its integrated technology and comprehensive suite of solutions lets firms take a proactive approach to compliance management and the mitigation of potential conflicts of interest and risk.

Our 1300+ customers across 105 countries find many reasons to love MyComplianceOffice. Here are just a few!

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Get the Message! Preserve eComms or Face Steep Regulatory Consequences

In recent months the SEC and CFTC have charged multiple Wall Street firms with widespread recordkeeping failures, handing down staggering penalties in excess of 1.5 billion dollars. Firms—including smaller ones—should only expect that the aggressive enforcement will continue.  And the SEC's Division of Examinations 2024 Priorities only reinforce the agency's continued focus on the importance of record keeping and demonstrable compliance. 

Are your books and records ready to stand up to regulatory scrutiny?

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FINRA Priorities Include Conflicts of Interest and Communications

The 2024 FINRA Annual Regulatory Oversight Report provides firms with insight into findings from FINRA’s regulatory operations programs including Member Supervision, Market Regulation and Enforcement. Addressing a broad range of topics spanning conflicts of interest, disclosures, communication practices and crypto asset compliance, the report contains information that firms can use to strengthen their compliance programs in 2024 and beyond.

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MNPI Remains a High Risk Area for Compliance

Failing to adequately manage Material Non-Public Information (MNPI) remains a high-risk area for compliance, as evidenced by recent actions in the United States, the United Kingdom and across the globe for issues including insufficient insider trading compliance policies, market abuse and failure to effectively manage insider information.

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