Raymond James agrees to pay FINRA $17 Million in Fines

The Financial Industry Regulatory Authority (FINRA) has fined Florida-based Raymond James & Associates, Inc. (RJA) $8 million and Raymond James Financial Services, Inc. (RJFS) $9 million for failures in anti-money laundering (AML) compliance. According to the regulator, the fines are a result of an investigation which revealed that for several years, RJA and RJFS were unable to deliver a sufficiently robust AML compliance program.

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Take Your Compliance Program to the Next Level

Thinking of strategies to take your compliance program to the next level?

You need answers and we’ve got them.

MyComplianceOffice is partnering with a new Webinar host, Ann Oglanian of ReGroup LLC to give you the tools and cover the tips you need to level up your compliance program.

Join us for Survival of the Fittest: Compliance Program Evolution, Weds, April 6 at 12 pm EST.

Tune into the webinar and you can expect:

  • A compliance program maturity model created to help you to measure the success of your compliance program
  • A practical approach to assessing the current maturity of your program

The Compliance Program Maturity Model to be introduced by Regroup during the webinar presentation has been designed for compliance officers to allow you to review, monitor, and disseminate your compliance program. It will also help you to pinpoint the places where you can advance your reputation.

Register Now

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Supervision – Stormy seas on the horizon?

Dodd Frank, Volcker, MiFID, Sponsor rules, Market Abuse Directives….and the list goes on.  All very complicated and no doubt taking up a lot of your time.  But the one storm on the horizon that really should be keeping you up at night?  Yep, it`s that regulatory staple, Supervision. 

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How Can CCOs Mitigate Liability & Insider Trading Q&A

Brandon Ortiz, Managing Director at Blue River Partners LLC co-hosted a webinar on insider trading with MyComplianceOffice on February 17th. The following is a transcript from the Q&A portion of the February 17th webinar.

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Firm Culture: FINRA to begin targeted exams of broker-dealers

Yesterday, the Financial Industry Regulatory Authority (FINRA) released a new, targeted examination letter on its website. In the statement, the self-regulator announced targeted exams of member broker-dealers to investigate, “how firms establish, communicate and implement cultural values, and whether cultural values are guiding business conduct.”

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