How to achieve real value from continuous validation

⚖️ FINRA Fines United Capital Markets $25,000 for Supervisory Failures The Financial Industry Regulatory Authority (FINRA) has censured and fined United Capital Markets after uncovering major compliance lapses between 2018 and 2019. The firm allegedly failed to maintain a reasonable supervisory system over a senior executive’s equities and options trading and distributed unapproved retail communications containing exaggerated claims — breaching FINRA Rules 3110, 2210, and 2010. 🔗 Full details here: https://lnkd.in/gHiWBQdy #FINRA #Compliance #InvestorProtection #ForexNews #TradingRegulation #Finance #WikiFX

⚠️ BofA Securities Fined by FINRA for Trade Reporting & Supervisory Failures 💼📉 BofA Securities, Inc. (BofAS) has been fined $155,000 and formally censured by FINRA after an investigation uncovered years of market trading and supervision violations. FINRA found that between 2014 and 2022, BofAS executed over 11,000 off-exchange trade-throughs inaccurately reported due to system delays. In addition, from 2015 to 2023, the firm’s systems failed to properly process exchange quotes—leading to dozens of potential trade-through violations. This case highlights ongoing regulatory scrutiny on data accuracy, trade reporting, and system controls across major financial firms. 🔗 Read full article: https://lnkd.in/gKuv5Pm4 💬 Do you think penalties like this are enough to push big firms to improve compliance? Share your thoughts! #BofAS #FINRA #MarketCompliance #BrokerNews #WikiFX #TradingRegulation #FinanceNews

The LEI is a cornerstone for interoperability across diverse identification systems, offering a globally consistent and reliable reference point for entity recognition. Currently, 99.56% (3,056,323) of all valid LEI records are linked to at least one external identifier, and 43.91% (1,347,944) are connected to three or more identifiers. We have also published new monthly reports analyzing the level of data quality achieved by individual LEI issuers. 🔗 https://lnkd.in/ezZdmBXJ #GLEIF #LEI #KYC #RiskManagement #DataQuality

The growing compatibility between Legal Entity Identifiers (LEIs) and existing payment identifiers like IBANs is a major step toward greater trust, transparency, and efficiency in global finance. By linking verified entity data through LEIs, financial institutions can streamline counterparty verification, reduce fraud and false positives, and enhance regulatory compliance - all while strengthening interoperability across payment systems. As the industry moves closer to the new Verification of Payee (VOP) regulations, the integration of LEIs into payment flows shows how data standardisation can unlock tangible operational and compliance benefits. A simple but powerful example of how global data standards can make payments not just faster, but smarter. #LEI #VOP #PaymentsInnovation #Compliance #DataStandards #FinancialCrimePrevention #CrossBorderPayments

Please see the post below from Intain on how to prevent fraudulent double counting or double pledging of assets. This is available now. It can help prevent fraud.

NexPoint Securities, Inc. has agreed to pay a fine of $50,000 as part of a settlement with the Financial Industry Regulatory Authority (FINRA). Via @fxnewsgroup #FINRA #FinancialRegulation #Compliance #RiskManagement #FinanceNews https://lnkd.in/gdNZXZy6

Synovus Securities, Inc. has reached a settlement with the Financial Industry Regulatory Authority (FINRA) and will be paying a fine of $315,000. This agreement highlights the importance of compliance within the financial industry and serves as a reminder for all firms to adhere to regulatory standards. via @fxnewsgroup #Finance #Compliance #Regulations #FINRA #riskmanagement #risk https://lnkd.in/gdNZXZy6

FINRA has fined a broker-dealer $850,000 for failing to preserve approximately 22.6 million electronic communications related to trade executions, fund transfers, and other account activities. The firm also failed to maintain and enforce supervisory systems reasonably designed to review business-related electronic communications, a reminder of how technology transitions, coding errors, and insufficient supervisory procedures can quickly become compliance and recordkeeping failures. Read more on ThinkAdvisor 🔗 https://lnkd.in/eshjYwns #FINRA #Compliance #RegulatoryUpdate #Supervision #Recordkeeping #BrokerDealer #CRC #ComplianceRiskConcepts

As the securities industry begins its ISO 20022 journey, a panel of industry experts at Sibos 2025 was asked what lessons it can draw from payments, a sector that has already navigated the shift. The session “One standard, many implementation approaches – What can securities learn from payments?” explored questions of execution, adoption, and whether fragmentation across markets can be avoided. With Juliette Kennel (Swift), Stuart Warner (HSBC), Gloria Lio (The Depository Trust & Clearing Corporation (DTCC)), Lourdes Sohle Dominguez (Mexico Stock Exchange | WorldSE), Mario Domenico Recchia (Intesa Sanpaolo) and Stephen Lindsay (Swift) https://lnkd.in/dC482Vbi

⚠️ RED FLAG ALERT! ⚠️ CIPC compliance data reveals a high level of non-compliance concerning Solvency and Liquidity (Section 4 of the Companies Act). Directors, it is crucial to perform the required solvency and liquidity test. Don't let your company be at risk! #ComplianceChecklistSA #CompaniesAct #RedFlag #Solvency #Liquidity