Behavox Blog

Equifax breach insider trading case and the importance of advanced monitoring controls

Apr 5, 2018 5:42:33 AM / by Behavox Regulatory Intelligence posted in surveillance, compliance, securities and exchange commission, insider trading

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In charging former Equifax IT executive Jun Ying with insider trading, the US Securities and Exchange Commission has brought a first-of-its-kind case involving confidential knowledge of material nonpublic cyber-related information.

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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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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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FCA's anti-competitive scrutiny is here to stay

Jan 25, 2018 10:19:27 AM / by Behavox Regulatory Intelligence posted in Financial Conduct Authority, surveillance, Competition, AI

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Asset managers must tighten monitoring of communications with rival firms, lawyers warned, after the UK Financial Conduct Authority accused four firms of collusion as it flexes its antitrust muscles for the first time.

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