Visionary CEO | Expert in Strategic Planning, Business Development, and Financial Management
A comprehensive restructuring is imperative at the FDIC, given the significant occurrences of major bank failures transpiring under their supervision. In light of this, it is essential for Gruenberg to step down to facilitate a fresh and effective approach.
Hamish shares our next steps in addressing the MONEYVAL recommendations for the JFSC.
Watch Chief Financial Crime Adviser Hamish Armstrong share our next steps following on from the publication of Jersey’s MONEYVAL Mutual Evaluation Report in July. Alongside the National Action Plan, which is focussed on the report’s priority actions, we will also be developing a JFSC-specific MONEYVAL action plan. We will work closely with industry bodies on the development of this plan, which will set out what we’re going to do over the next few years. To find out more about the MONEYVAL Mutual Evaluation Report go to: https://lnkd.in/drFUu8xQ
Senior Associate (Financial Services / Commercial Disputes and Contentious Regulatory Issues) at Herbert Smith Freehills LLP
For those who like the Spice Girls, the law of misrepresentation or both - check out our latest blog post below.
If you thought that the debate concerning the requirement for a Claimant to have a conscious awareness in a claim for misrepresentation was over... think again. This blog post from Simon Clarke, Ceri Morgan, Nic Patmore and me concerning the High Court decision in Loreley v Credit Suisse is a must read; both for the latest update on this hot-topic area, as well as the Spice Girls joke courtesy of Mrs Justice Cockerill. #disputes #banking #financialservices
🚨 Breaking News! In a surprising turn of events, a judge has just declined the Batton 1 plaintiffs' attempt to halt brokerage settlements. What does this mean for the industry and those involved? Dive into the details with our latest article! 👀⚖️ 🔗 Click here to read more: [https://lnkd.in/eaJjwr-w) #LegalNews #BrokerageBattle #StayInformed
🚨 Breaking News! In a surprising turn of events, a judge has just declined the Batton 1 plaintiffs' attempt to halt brokerage settlements. What does this mean for the industry and those involved? Dive into the details with our latest article! 👀⚖️ 🔗 Click here to read more: [https://lnkd.in/eaJjwr-w) #LegalNews #BrokerageBattle #StayInformed
The Securities and Exchange Commission (SEC) has once again taken a step to increase #corporatetransparency. Here are the highlights and implications of the latest SEC rules and proposals that are shaping the future of #corporatereporting. #AskMarcum
The Securities and Exchange Commission (SEC) has once again taken a step to increase #corporatetransparency. Here are the highlights and implications of the latest SEC rules and proposals that are shaping the future of #corporatereporting. #AskMarcum
Learn about FINRA's rulemaking process at the board level from Maureen Jensen of the Ontario Securities Commission and get the scoop on #FINRAAC: https://bit.ly/3wT7xtt
FINRA Slaps Haywood Securities Inc. with $175K Fine for Alleged Violations! 🚨 Haywood Securities (USA) Inc faces the music, agreeing to a $175,000 fine in a settlement with FINRA. 📜💸 🔍 Key Findings: From 2014 to the present, Haywood USA allegedly recommended sales totaling $11 million without proper due diligence on 53 different private placements. 🤔 ❌ Rule Violations: Failed to establish a supervisory system (2014-2020) Breach of FINRA Rule 2111, Rules 3110 and 2010, and NASD Rule 3010 Continued non-compliance from June 30, 2020, regarding Regulation Best Interest (Reg BI) 🔒 Penalties: Apart from the hefty fine, the firm faces a censure. A senior management member must certify in writing that the identified issues are resolved, and a robust supervisory system, including written procedures, is in place for Reg BI compliance. 📝🔒 🌐 Impact: This enforcement action signals FINRA's commitment to maintaining market integrity and protecting investors. 🌐💼 📢 Haywood Securities Statement: "We take this matter seriously and have taken immediate steps to rectify the situation. Our commitment to compliance and client protection remains unwavering." #HaywoodSecurities #FINRA #ComplianceAlert #FinancialNews
Cadwalader attorneys Juliette Mills and Alix Prentice share lessons to be learned from 2023's bank failures, focusing on the UK perspective and recurring themes across major global economies in Law360. Read it here: bit.ly/3thUfWi
It’s time for all of us in the muni industry to refresh (or learn for the first time) about the rebate rules and how to help clients take advantage of the higher interest rate environment. Join us for a recap on what you need to know. BLX Group Orrick Public Finance
Join The Bond Buyer and Orrick partners Jenna Magan and Barbara Jane League, and BLX Group Managing Directors Sandra Stallings and Alan Bond for a webinar that will address the arbitrage rebate rules and regulations to safeguard the tax-exempt status of municipal bonds. Register here: https://lnkd.in/gD_GjiUx #municipalbonds #taxcompliance #taxexemptbonds #arbitrage
