Compliancex - Page 18 of 30 - The Compliance Exchange

Wall Street pushes back against SEC stock market reforms

Jack J. Kelly NYSE, SEC, Securities and Exchange Commission, Stocks, Trading March 8, 2023

The New York Stock Exchange teamed up with retail broker Charles Schwab Corp (SCHW.N) and market maker Citadel Securities on Monday to ask the U.S. Securities and Exchange Commission to withdraw two recently proposed rules aimed at revamping how stocks trade. The move represents a coordinated ...Read More

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SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

Jack J. Kelly Assets, Cryptocurrency, Hedge Fund, Ponzi Scheme March 8, 2023

The U.S. Securities and Exchange Commission (SEC) was granted emergency relief by a Florida court on Monday to freeze and appoint a receiver for the assets of Miami-based crypto hedge fund BKCoin and one of its co-founders, Kevin Kang. According to regulators, BKCoin and Kang raised ...Read More

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SEC Chair Gary Gensler Is Staffing Up To Investigate The Crypto Industry

admin Compliance Jobs, Cryptocurrency, Hiring, SEC, Securities and Exchange Commission March 7, 2023

In the wake of the collapse of FTX and subsequent charges filed against the company and some of its executives, regulators are cracking down on cryptocurrency markets. In my experience as the founder of a compliance executive search firm, once the SEC ramps up ...Read More

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Crypto Companies Behind Tether Used Falsified Documents and Shell Companies to Get Bank Accounts

Jack J. Kelly Cryptocurrency, Fraud March 3, 2023

In late 2018, the companies behind the most widely traded cryptocurrency were struggling to maintain their access to the global banking system. Some of their backers turned to shadowy intermediaries, falsified documents and shell companies to get back in, documents show. One of those ...Read More

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Financial aid startup Frank founder fires back at JP Morgan Chase

Jack J. Kelly Fraud March 2, 2023

JP Morgan Chase faced new accusations from Charlie Javice, the young entrepreneur behind the student financial aid startup Frank, which the bank acquired in a $175 million transaction chief executive Jamie Dimon has since called “a huge mistake.” Javice fired back on Monday, formally ...Read More

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Crypto industry distances itself from Silvergate as bank collapses

Jack J. Kelly Cryptocurrency, Stabelecoins March 2, 2023

On Thursday several crypto firms made statements meant to distance themselves from crypto-friendly bank Silvergate, which saw shares free fall on Thursday after the company delayed its annual report and said it would report further losses. Coinbase, Paxos, Galaxy Digital, Gemini, BitStamp, Crypto.com and Circle each ...Read More

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Binance Can’t Keep Its Story Straight on Misplaced $1.8B USDC

Jack J. Kelly Cryptocurrency, Stabelecoins March 2, 2023

A new and detailed investigation by Forbes has raised significant questions about the management and custody of customer assets and stablecoin collateral by Binance. There are many possible explanations for the nature and intent of certain on-chain transactions highlighted by Forbes, and they could be ...Read More

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CoinEx crypto exchange sued by New York for failing to register with state

Jack J. Kelly Broker Dealer, Commodities, Cryptocurrency, Lawsuit, Securities March 2, 2023

Cryptocurrency exchange CoinEx has been sued by New York Attorney General Letitia James, who alleges the firm falsely represented itself as an exchange by failing to register as a securities and commodities broker-dealer in the state. A 38-page petition filed by James in the New York ...Read More

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JPMorgan Joins Other Companies in Banning ChatGPT

Jack J. Kelly Artificial Intelligence, Financial Services February 27, 2023

Financial services giant JPMorgan Chase has reportedly banned its staff from using ChatGPT. CNN cited sources saying that the decision, which applies to global staff, was due to compliance concerns over using third-party software. JPMorgan staff were asked not to enter sensitive information into ...Read More

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A look at the crypto firms looking to expand their workforce while others continue layoffs

Jack J. Kelly Cryptocurrency, ESG, FinTech, Hiring, Open Banking February 27, 2023

Even with most tokens posting significant gains this year, several crypto firms are still reeling from the contagion effects of 2022. As such, some of the biggest web3 companies, including Polygon, Dapper Labs, Coinbase, Crypto.com, etc., have declared job slashes this year to mitigate ...Read More

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