As a reminder TFS – ICAP received fines of £3.4 by FCA and $7 million by the CFTC. Former senior managers Ian Dibb and Jeremy Woolfenden were fined $500,000 each and they agreed not to apply for registration for 5…
Do you really need a compliance manual? Let’s get this clear from the beginning: there are no rules in the UK that say you must have a compliance manual. You are, of course, required to have good systems and controls,…
Quick Recap Assuming you are broadly aware of this issue here is a brief recap: Investors getting together on internet message boards (mainly on Reddit) and buying up stocks where they perceive short sellers have interest. This has resulted in…
Earlier this year Goldman Sachs (GS) reached settlements with regulators in the US, UK, Singapore, and Hong Kong over 1MDB. On 22 October 2020, the Chief Executive Officer (CEO) of GS sent an email to all employees globally reflecting on…
As your firm starts doing new things and you find you have different rules and regulations to comply with where do you start? For many it begins with a Google search. The success of your Googling can come down to…