Day: July 11, 2024

FINRA Fines UBS for Its Failure to Monitor Customer Fund Transfers

On By Jacob Horowitz

The Financial Industry Regulatory Authority announced that it has fined UBS Financial Securities $850,000 for the brokerage’s failure to monitor the transfer of customer funds to third parties and respond appropriately to any red flags indicating potential private securities transactions. The penalty stems from UBS’s failure to detect that one Read More

The Top Five Boardroom Issues Compliance Officers Should Be Discussing

On By Amy Pawloski

GUEST BLOG POST Lately, I’ve been reflecting on my experience presenting compliance updates to boards, both during my industry days and now as a consultant. One thing that consistently frustrates me is seeing compliance officers deliver presentations that are completely reactive. The focus is always on the number of investigations Read More