Financial Industry Regulatory Authority

SEC Charges Three Southern California Siblings with Insider Trading

Retrieved on: 
Wednesday, September 27, 2023
Financial Industry Regulatory Authority, Central District, State bureau of investigation, United Rentals, Judgement, Acquisition, Sibling, Security (finance), Director of the Federal Bureau of Investigation, Fraud, General Finance Acceptance Ltd v Melrose, United

The three defendants, all of whom reside in Southern California, realized a combined total of $650,000 in illegal profits from their trading.

Key Points: 
  • The three defendants, all of whom reside in Southern California, realized a combined total of $650,000 in illegal profits from their trading.
  • When United Rentals announced the acquisition, General Finance’s share price increased from $12.17 to $18.95 and trading volume soared 19,000 percent.
  • In a parallel action, the U.S. Attorney’s Office for the Central District of California today announced securities fraud charges against Marco Perez.
  • The SEC appreciates the assistance of the Financial Industry Regulatory Authority, the Federal Bureau of Investigation, and the U.S. Attorney’s Office for the Central District of California.

Music Licensing, Inc. (OTC: SONG) Provides Update on Form 211 Submission

Retrieved on: 
Monday, September 25, 2023
Financial Industry Regulatory Authority, Optimism, File, SEC Rule 10b-5, Music licensing, OTC, FINRA, News, Financial adviser

The company has submitted a comprehensive response to the Financial Industry Regulatory Authority (FINRA) regarding its new Form 211 filing under SEC Rule 15c2-11.

Key Points: 
  • The company has submitted a comprehensive response to the Financial Industry Regulatory Authority (FINRA) regarding its new Form 211 filing under SEC Rule 15c2-11.
  • This submission reflects Music Licensing, Inc.'s unwavering commitment to operating with the utmost transparency and integrity within the financial markets.
  • The Form 211 submission and the subsequent response are integral components of Music Licensing, Inc.'s strategy to facilitate its presence in the market and provide valuable investment opportunities to its shareholders.
  • Investors and interested parties are encouraged to stay updated on Music Licensing, Inc.'s progress by visiting the company's official website and monitoring news releases as developments unfold.

Seward & Kissel Appoints Russell Johnston Co-Head of Litigation Group and Michael Watling Co-Head of Government Enforcement and Internal Investigations Group

Retrieved on: 
Wednesday, September 20, 2023
Banking, Accounting, Professional Services, Courts, White House, Federal Government, Law Enforcement, Emergency Services, State, Local, Legal, Elections, Campaigns, Finance, Consulting, Public Policy, Government, CFTC, Justice, Office of Inspector General, U.S. Department of Health and Human Services, Public Citizen Litigation Group, Seward & Kissel, Russell Johnston, Insurance Fraud Enforcement Department, DOJ, Seward, Justice minister, U.S. Department of Justice Office of Legislative Affairs, Nawade, Private practice, Financial Industry Regulatory Authority, Watling, FINRA, NYSE, United States Justice Department investigation into attempts to overturn the 2020 presidential election, Financial adviser

The Firm has also named partner Michael Watling , a former federal prosecutor in the U.S. Department of Justice and former senior litigation counsel at FINRA, co-head of the firm’s Government Enforcement and Internal Investigations Group, joining partner Jaimie Nawaday in that role.

Key Points: 
  • The Firm has also named partner Michael Watling , a former federal prosecutor in the U.S. Department of Justice and former senior litigation counsel at FINRA, co-head of the firm’s Government Enforcement and Internal Investigations Group, joining partner Jaimie Nawaday in that role.
  • The duo, who served together at FINRA for seven years before entering private practice, joined Seward & Kissel in November 2022.
  • “Russell and Michael are trusted, steadfast leaders, admired not only by their clients but by members of our firm,” said Seward & Kissel managing partner Jim Cofer .
  • Paulsen , co-head of Seward & Kissel’s Litigation Group, noted: “Russell has been at the forefront of significant, complex, and highly sensitive matters.

CoinShares Launches Hedge Fund Division, Begins U.S. Expansion

Retrieved on: 
Friday, September 22, 2023
Bitcoin, Financial Industry Regulatory Authority, Marketing, Head, CS, Broker-dealer, US, Investment, FINRA, Cryptocurrency

SAINT HELIER, Jersey, Sept. 22, 2023 /PRNewswire/ -- CoinShares International Limited ("CoinShares'' or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, today announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions.

Key Points: 
  • SAINT HELIER, Jersey, Sept. 22, 2023 /PRNewswire/ -- CoinShares International Limited ("CoinShares'' or "the Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), the leading European alternative asset manager specialising in digital assets, today announced the launch of its hedge fund division, CoinShares Hedge Fund Solutions.
  • CoinShares Capital LLC, a wholly-owned subsidiary of CoinShares and a broker-dealer registered with the Financial Industry Regulatory Authority (FINRA), will be conducting marketing activities to qualified investors in the United States in support of CoinShares Hedge Fund Solutions' strategies and products.
  • To ensure the seamless deployment of the new division, CoinShares has appointed Lewis Fellas as Head of CoinShares Hedge Fund Solutions.
  • To learn more about CoinShares Hedge Fund Solutions, visit: https://coinshares.com/hedge-fund-solutions

Introducing CTERA Vault: Fortifying Data Resilience with Immutable WORM Protection

Retrieved on: 
Tuesday, September 12, 2023
Cloud, NIST, WORM, HIPPA, Private law, NIST Special Publication 800-53, Sarbanes–Oxley Act, CFR, Financial Industry Regulatory Authority, Government, FINRA, FDA, Social media, Hitachi, Medical device

CTERA Vault aids enterprises in guaranteeing the preservation and tamperproofing of their data, while also ensuring compliance with data regulations through strict enforcement.

Key Points: 
  • CTERA Vault aids enterprises in guaranteeing the preservation and tamperproofing of their data, while also ensuring compliance with data regulations through strict enforcement.
  • WORM compliance ensures that data remains inviolable, creating a trustworthy and irrefutable business record, essential for both regulatory compliance and cybersecurity best practices.
  • "CTERA Vault's innovative data retention and protection technology represents a significant step toward robust data resilience,” said Dan McConnell, senior vice president of product management and enablement at Hitachi Vantara.
  • Our collaboration helped facilitate the co-design of CTERA Vault, enabling enterprises to swiftly meet data regulations and enhance data security and compliance effortlessly."

Prudential Financial elects Kathleen Murphy to Board of Directors

Retrieved on: 
Thursday, September 7, 2023
Asset Management, Professional Services, Finance, University, Insurance, Financial Industry Regulatory Authority, Advertising, PRU, Investment, Aetna, Foundation (nonprofit), Corporate governance, Intelligence, National Football Foundation, Fidelity Investments, Government, Prudential Financial, Retirement, National Football Foundation Gold Medal winners, JD, Markle Foundation, Growth, Fairfield University, NYSE, Fidelity, Economics, Financial adviser, Prudential

Prudential Financial, Inc. ( NYSE: PRU ) announced today that Kathleen Murphy has been elected to the Board of Directors as an independent director, effective September 11, 2023.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that Kathleen Murphy has been elected to the Board of Directors as an independent director, effective September 11, 2023.
  • Murphy brings to Prudential her extensive experience in the financial services and wealth management sectors, most notably at Fidelity Investments, where she recently retired.
  • “We are excited to welcome Kathleen to the Prudential board and look forward to working closely with her.”
    Prior to joining Fidelity, Murphy was CEO of ING U.S.
  • Murphy brings a diverse array of prior board experience to Prudential, including board positions at the Financial Industry Regulatory Authority, the Markle Foundation and the National Football Foundation.

NCLA Amicus Brief Asks Appeals Court to Topple FINRA’s Illegal ‘Private’ Enforcement Regime

Retrieved on: 
Wednesday, September 6, 2023
Financial Industry Regulatory Authority, Government, Douglas v. U.S. District Court ex rel Talk America, District court, FINRA, NCLA, Federation, Executive (government), Constitution, Financial adviser

Today, the New Civil Liberties Alliance filed an amicus curiae brief in Alpine Securities v. FINRA, asking the U.S. Court of Appeals for the District of Columbia Circuit to end FINRA’s blatantly unconstitutional use of executive power.

Key Points: 
  • Today, the New Civil Liberties Alliance filed an amicus curiae brief in Alpine Securities v. FINRA, asking the U.S. Court of Appeals for the District of Columbia Circuit to end FINRA’s blatantly unconstitutional use of executive power.
  • FINRA is a nominally private non-profit corporation that regulates the securities brokerage industry subject to oversight by the U.S. Securities and Exchange Commission (SEC).
  • But it wields vast legislative, executive, and adjudicatory powers over more than 600,000 individual brokers and thousands of broker-dealer firms nationwide.
  • The Constitution wisely forbids this kind of unchecked private law enforcement activity.”

Madison Covered Call And Equity Strategy Fund (MCN) Declares Quarterly Dividend

Retrieved on: 
Friday, September 1, 2023
MCN, Financial Industry Regulatory Authority, Science, MAM, MIA, Investment Company Act of 1940, Broker-dealer, NYSE, Fund, Security (finance)

MADISON, Wis., Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share.

Key Points: 
  • MADISON, Wis., Sept. 01, 2023 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the “Fund”) declares its quarterly dividend of $0.18/share.
  • Market action can impact dividend issuance as the Fund’s total assets affect the Fund’s future dividend prospects.
  • Neither the Fund nor Madison undertakes any obligation to publicly update or revise any forward-looking statements.
  • “Madison” and/or “Madison Investments” is the unifying tradename of Madison Investment Holdings, Inc., Madison Asset Management, LLC (“MAM”), and Madison Investment Advisors, LLC (“MIA”).

SEC Directs Equity Exchanges and FINRA to Improve Governance of Market Data Plans

Retrieved on: 
Friday, September 1, 2023
FINRA, Commission, Comment, Financial Industry Regulatory Authority, Security (finance), Investment, NMS

Washington, D.C.--(Newsfile Corp. - September 1, 2023) - The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to file a new national market system plan (NMS plan) to replace the three existing national market system plans that govern the public dissemination of real-time, consolidated equity market data for national market system stocks.

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - September 1, 2023) - The Securities and Exchange Commission today issued an order directing the equity exchanges and the Financial Industry Regulatory Authority (FINRA) (the participants) to file a new national market system plan (NMS plan) to replace the three existing national market system plans that govern the public dissemination of real-time, consolidated equity market data for national market system stocks.
  • The consolidated equity market data produced pursuant to NMS plans is a critical component of the national market system through which equity investments are priced and traded.
  • This has raised concerns about whether the existing NMS plans for equity market data continue to fulfill their regulatory purpose to ensure the availability of information with respect to quotations for and transactions in securities.
  • Until such a new NMS plan is effective, the current NMS plans will continue to govern the provision of consolidated equity market data.

Morphisec Protects Hedge Fund Endpoints and Financial Trading Platforms from Ransomware and Advanced Attacks

Retrieved on: 
Wednesday, August 30, 2023
Financial Industry Regulatory Authority, Chief information security officer, Computer security, Information, EPP, CISO, Bloomberg Terminal, EDR, AMTD, Automation, Refinitiv, Risk, FINRA, SLA, FactSet, Software, Cryptocurrency, Financial adviser, Risk management, Eikon

BOSTON and BEER-SHEVA, Israel, Aug. 30, 2023 /PRNewswire-PRWeb/ -- Morphisec, the world's leading provider of prevention-first endpoint security software, today released a case study detailing the implementation of Automated Moving Target Defense (AMTD) alongside endpoint protection platforms (EPP) in financial services for advanced in-memory and evasive attack protection.

Key Points: 
  • "1
    Alternative investment firms and hedge funds increasingly face a range of threats that directly target firm infrastructure including malware, ransomware, account compromise or takeover and phishing.
  • Additionally, firms rely on third-party financial and trading platforms to conduct activities.
  • Financial platforms are often accessed through dedicated private line infrastructure that effectively bypasses firewall and other perimeter security solutions, thereby increasing risk.
  • Morphisec protects more than nine million endpoints across more than 5,000 global customers including financial institutions, banks, alternative investment funds and hedge funds.