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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…
Charlie Frank
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…
Charlie Frank
March 6, 2020
News

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…
Charlie Frank
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,…
Charlie Frank
December 23, 2019
News

Haven’t done your 2019 Cybersecurity training? Not to worry

  ♦You're Still on Schedule to Deliver 2019 Cybersecurity Training♦ If your firm's employees have access to computers or the physical premises (a.k.a. just about everyone), you are obligated to provide Cybersecurity training to them annually. If you've delayed training in 2019, not to worry.…
Charlie Frank
October 25, 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…
Charlie Frank
October 17, 2019
News

Video: Exchange Analytics’ Larry Israel at World of Opportunity

  ♦Perspectives from Marketswiki Education World of Opportunity♦ John Lothian Productions has just released a video of the July 16 presentation by Exchange Analytics president Larry Israel at the Marketswiki Education's World of Opportunity event. Larry drew on 45 years of futures industry experience to…
Charlie Frank
September 10, 2019