MyComplianceOffice Blog

The SEC issued the Risk Alert Investment Adviser MNPI Compliance Issues to provide investment advisers, investors, and other market participants with information concerning notable deficiencies that the the Division of Examinations (“EXAMS”) has cited related to material non-public information (MNPI) and Code of Ethics Issues.

New York, May 2, 2022: MCO (MyComplianceOffice), a global provider of conduct risk and compliance technology, today announced that the company has finalized its acquisition of Schwab Compliance Technologies (SCT), a solution that automates monitoring employee trading activity and administering a firm's Code of Ethics. The closing of the deal marks a meaningful step toward the company’s expansion and position as a leading authority on conduct risk and compliance technology

Conduct risk issues including employee compliance, transaction surveillance and third party risk pose significant risk to financial services firms across the globe. MCO CEO Brian Fahey sat down with Robin Amlôt of IBS Intelligence to talk about what financial institutions can do to avoid conduct risk compliance pitfalls.

Have recent proposals foreshadowed a fundamental change to the regulation of private funds in the United States, including the alignment of private fund regulation with that of Registered Investment Companies (“RIC”) for retail distribution? According to Daryoush Niknejad, General Counsel of the Sanne Group, the proposed regulations of 2022 take a strong step in that very direction. 

It should come as no surprise to compliance teams that the management of Books and Records is in the regulatory spotlight. The U.S. Securities and Exchange Commission (SEC) recently charged several large Wall Street firms with widespread record keeping failures. The firms will be required to pay combined penalties of more than $1.1 billion, and also must make substantive improvements to their compliance policies and procedures around books and records.