MyComplianceOffice Blog

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.

Europe has been at the forefront regarding crypto asset regulation with its recently approved Markets in Crypto Assets (MiCA) legislation, which goes into effect in phases starting in 2024. It represents the most significant attempt by global governments to regulate the growing market for digital assets.  

A while back “build vs. buy” was a hot topic when firms were looking to implement new or updated compliance technology. That debate has faded into the background a bit as the industry has shifted to the adoption of SaaS technology as the standard for compliance software.

But for firms that still have systems that were internally built embedded within their organization, the question of when it’s time to sunset their legacy platform and move to a more modern SaaS-based solution remains.

A consistent theme across sessions at the 2023 SIFMA Compliance and Law Annual Seminar was change. Change is constant in the financial services industry. And when you're dealing with constant change, there’s no time for complacency

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."