SoftekCapitalMarkets

Softek is a full service bureau tailored to the business of finance lending and risk management within prime brokers, hedge funds & trading desks

[SoftekCapitalMarkets @softektrading]

Broker-dealers, investment advisors + investment companies have to maintain programs to detect unauthorized access to client info, and provide notice when it occurs: #SEC. For more: https://t.co/ueFNccB9vF #Softekcompliance #Softek #softekbit #compliance #brokerdealers

[SoftekCapitalMarkets @softektrading]

Certain investment advisors will have to verify the identities of their customers under a new regulatory proposal aimed at bolstering anti-money-laundering safeguards. For more: https://t.co/if7yBg5R6R. #Softekcompliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

#SoftekCompliance will be a sponsor at #FINRA’s annual conference on May 14-16 in Washington DC! Stop by and we can help with all your questions and concerns. For more: https://t.co/oSuxNqeDeF #Softek #softekbit #Compliance

[SoftekCapitalMarkets @softektrading]

Inadequate supervisory systems to control the verification of customer identities during the account opening process led to SoFi Financial paying a $1.1 million fine: FINRA. For more: https://t.co/irnwhy7qHa. #Softekcompliance #Softek #softekbit #compliance #FINRA #SoFi

[SoftekCapitalMarkets @softektrading]

Investment advisers’ #compliance with amended Rule 206(4)-1 (the “Marketing Rule”) is falling short because of policies + procedures that are incomplete or poorly designed: #SEC. For more: https://t.co/6VuNO2fkbJ. #Softekcompliance #Softek #softekbit #investmentadvisers

[SoftekCapitalMarkets @softektrading]

Inaccurate information in 940K trade confirmations sent to customers led to RBC Capital Markets agreeing to pay a $375K fine and $393K in restitution, FINRA says. For more: https://t.co/95pLR4OtZm. #Softekcompliance #Softek #softekbit #compliance #FINRA #RBCCapitalmarkets

[SoftekCapitalMarkets @softektrading]

J.P. Morgan Securities ordered to pay $250K to a former advisor who alleged the firm defamed him on the U5 form about his departure in the latest dispute over the language in documents. For more: https://t.co/p6cK7XXhnI. #Softekcompliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

Investment professionals will need to act as fiduciaries when paid for advice on IRAs, 401(k)s and other vehicles for tax-advantaged cash under rules that will start taking effect in September. For more: https://t.co/KigFhv7t8G. #Softekcompliance #Softek #softekbit #Compliance

[SoftekCapitalMarkets @softektrading]

Self-reporting violations of recordkeeping rules is the most likely way to receive lower SEC penalties: WSJ. For more: https://t.co/PKtPPZe6EK. We can help ensure you meet the requirements: https://t.co/Y3CWQ0PTlk. #softekclectroniccommunicationsservices #Softek

[SoftekCapitalMarkets @softektrading]

Financial advisors giving advice for money destined for or held in tax-advantaged accounts would be fiduciaries under new rule: NYT. For more: https://t.co/MAqrMhKm1W. Softek Advisor Solutions can help you meet the requirements. #Softekadvisorsolutions #Softek #softekbit

[SoftekCapitalMarkets @softektrading]

Failing to monitor its anti-spoofing surveillance tool leads to $500K CFTC fine for Australia and New Zealand Banking Group. When the tool failed, thousands of orders were not checked as required. For more: https://t.co/e5pfaPVySn. #Softekcompliance #Softek #softekbit #Compliance

[SoftekCapitalMarkets @softektrading]

More financial pros would be required to act as fiduciaries when providing advice on retirement money under a Labor Dept. rule being finalized: NYT. For more: https://t.co/MAqrMhKm1W. #Softekcompliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

Certain short option or warrant positions written against products that track the same underlying index are no longer subject to certain margin requirements in Rule 4210: #FINRA. For more: https://t.co/006iAPXGWS #Softekmargin #Softek #softekbit #margin #FINRA #FINRA4210

[SoftekCapitalMarkets @softektrading]

U.K. firms are failing anti-money laundering controls by not doing proper risk assessments or implementing monitoring procedures, among other things: FCA. For more: https://t.co/nZoriiPZEY #Softekcompliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

#Whistleblowers who are discriminated against don’t have to show “retaliatory intent” on behalf of the employer, only that the protected activity was a contributing factor: Supreme Court. For more: https://t.co/LfVaoWiLwK #Softekcompliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

#SEC Rule 606(a) reports on NMS securities now are required to also be submitted to #FINRA. The new requirement starts with Q2 2024 reports, due to FINRA by July 31. For more: https://t.co/m0w1yA5HAp. #softek.ca/compliance #Softek #softekbit #compliance

[SoftekCapitalMarkets @softektrading]

The upcoming shortening of the settlement cycle for most broker-dealer transactions to T+1 has led FINRA to revise a number of rules. For details: https://t.co/AuASfKQR93. #softek.ca/compliance #softekbit #FINRA #compliance

[SoftekCapitalMarkets @softektrading]

With off-channel communications a top focus of regulators, Softek’s John Nave joined other experts in discussing best practices to follow. Their advice is collected in a free e-book here: https://t.co/D7O2pQcUU3. #Softekcompliance #Softek #Smarsh #softekbit #Compliance

[SoftekCapitalMarkets @softektrading]

A husband pleaded guilty to #insidertrading after admitting he made transactions based on overhearing his wife talk about a purchase the company where she worked was planning, #Reuters reports. For more: https://t.co/gAzxcafbIK. #Softekcompliance #Softek #softekbit #Compliance

[SoftekCapitalMarkets @softektrading]

Investment advisors may have to implement anti-money-laundering and #counterterrorism financing compliance procedures if proposed Treasury Dept requirements are approved. For more: https://t.co/GPDtsj3Vdz. #Softekcompliance #Softek #softekbit #Compliance #aml #antimoneylaundering