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The cost of “Failure to Train”

  ♦Failure to Train Comes at a Price♦ New York Mercantile Exchange Business Conduct Committee panels issued three disciplinary actions effective last Friday that highlight the consequences of inadequate employee training. In an $85,000 settlement relating to block trade reporting and recordkeeping deficiencies, the panel…
Joseph Adamczyk
May 5, 2020
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Failure to Train = Failure to Supervise

  ♦Avoid the Failure-to-Supervise Trap♦ Increasingly, regulators are viewing a failure to train employees as a supervisory lapse. For example, disciplinary actions issued Jan. 30 by the NYMEX Business Conduct Committee included fines of $70,000 and $60,000 against two firms for block trade reporting violations…
Joseph Adamczyk
March 6, 2020
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AML Audits From Our Affiliate EA Compliance

  ♦Anti-Money Laundering audits is all they do!♦ As you know, an independent AML performance test is one of the five pillars of an effective AML program. Our affiliate EA Compliance performs AML audits for Broker/Dealers, Registered Investment Advisors, Introducing Brokers, Futures Commission Merchants and…
Joseph Adamczyk
February 20, 2020
News

CFTC Enforcement shows its teeth in 2019

♦Market Manipulators are Playing with Fire♦ The Commodity Futures Trading Commission's Division of Enforcement delivered a strong message to derivatives market participants in its Annual Report released earlier this month: Market misconduct will not be tolerated. CFTC enforcement has been ramping up in recent years,…
Joseph Adamczyk
December 23, 2019
News

Our Commitment to a Great Cause

  ♦AML Training for Habitat for Humanity Greater Orlando & Osceola County♦ Exchange Analytics was delighted to provide its "Anti-Money Laundering for Retail Mortgage Lenders and  Originators" course to Habitat for Humanity Greater Orlando & Osceola County at no charge. The Habitat Orlando & Osceola…
Joseph Adamczyk
October 17, 2019