MyComplianceOffice Blog

Temperatures are hot across the Unites States right now – and so is U.S. Securities and Exchange Commission (SEC) enforcement activity. The end of July has seen the SEC file multiple insider trading actions against a former chief information security officer, an investment banker, a former FBI trainee, a former U.S. Congressman and a former crypto employee.

The actions reinforced the agency’s focus on insider trading and MNPI, and also raised some questions about the definition of a security and the scope of the agency’s oversight of the crypto space.

The SEC’s Office of Information and Regulatory Affairs recently released the Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions. The report provides an update on the short and long-term regulatory actions that the agency plans to take.

I recently had the privilege of speaking on the sessionRegTech Adoption – The Way Forward at the 2022 ASIFMA Compliance Asia Conference as part of a panel of industry experts. The conference featured three half-days of info-packed sessions that covered the latest compliance issues and emerging regulatory trends. 

Regulated digital assets might sound like an oxymoron given that cryptocurrency was developed as an anti-establishment alternative to conventional finance. However, growing use of such assets has encouraged regulators across the world to take a closer look at this developing asset class.

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.