Behavox Blog

Under pressure, FINRA rolls dice with enforcement overhaul

Mar 19, 2018 9:40:48 AM / by Behavox Regulatory Intelligence posted in enforcement, compliance

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A shrinking number of brokerage firms and exchange markets to oversee, industry consolidation, and discontent from government and members regarding its oversight procedures has left US Financial Industry Regulatory Authority facing a critical juncture. Behavox Regulatory Intelligence interviewed the regulator and industry experts on the future of enforcement under the agency.

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Market Abuse: A Global Picture Of Enforcement And Trends

Mar 14, 2018 12:33:18 PM / by Behavox Regulatory Intelligence posted in compliance, enforcement, market abuse

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Fighting market abuse is a top priority for regulators as they move on from restoring stability in the wake of the 2008 financial crisis. Behavox Regulatory Intelligence takes an in-depth look at how the battle is shaping up in the main territories, and how firms are navigating the fragmented global enforcement picture.

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No hiding place for Deutsche Bank as blame game exposes endemic compliance failures

Mar 7, 2018 10:25:18 AM / by Behavox Regulatory Intelligence posted in enforcement, surveillance, Financial Conduct Authority

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The former Deutsche Bank trader Guillaume Adolph was fined £180,000 ($250,000) and banned from the industry for his role in the Libor rigging scandal this week, but instead of going quietly he has turned fire on his former employer and accused it of letting him down.

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#FinanceToo - denial is not a solution to behavioral trait that must be exposed

Feb 8, 2018 10:10:07 AM / by Behavox Regulatory Intelligence posted in enforcement, compliance, senior managers regime

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Sexual harassment allegations have dominated headlines over the last six months with fresh controversies and misconduct cases emerging almost daily, and now the fallout is making its way from the gossip pages to the boardroom as concerns of impact on bottom line rise up the corporate agenda.

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FCA takes electronic broker to task over market abuse controls and STR failings

Feb 7, 2018 11:12:54 AM / by Behavox Regulatory Intelligence posted in Financial Conduct Authority, surveillance, enforcement, compliance

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The UK arm of the US retail broker, Interactive Brokers, has been fined more than £1m by the UK’s Financial Conduct Authority (FCA) for supervisory control and surveillance failings.

 

The Behavox Regulatory Intelligence team takes a deep dive into the final order.

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How current is your lexicon? The futures chatroom banter that slipped through the net

Jan 31, 2018 11:58:03 AM / by Behavox Regulatory Intelligence posted in enforcement, surveillance, market abuse

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The spectre of the LIBOR rigging cartels was raised this week when a sweep of e-comms across three big banks revealed the chatter of multiple rogue traders brazenly boasting as they went about manipulating the futures market.

 

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The Behavox guide to spoofing

Jan 31, 2018 11:56:41 AM / by Behavox Regulatory Intelligence posted in enforcement, surveillance, market abuse

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US regulator fines three banks heavily in major spoofing and manipulation crackdown

Jan 31, 2018 11:55:02 AM / by Behavox Regulatory Intelligence posted in enforcement, surveillance, market abuse

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Three European banks and eight individuals have been charged in the largest criminal takedown of fraudulent activity in the futures market to date, US authorities announced on Monday.

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FINRA fine for Raymond James a timely reminder of basic process required to reasonably supervise email communications

Jan 29, 2018 6:49:02 AM / by Behavox Regulatory Intelligence posted in surveillance, FINRA, enforcement

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The US Financial Industry Regulatory Authority (FINRA) announced on December 21 that it fined Raymond James Financial Services, Inc. $2 million for failing to maintain reasonably designed supervisory systems and procedures for reviewing email communications. In addition, Raymond James agreed to conduct a risk-based retrospective review to detect potential violations evidenced in past emails.

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