Eventus

Day: November 15, 2022

Running a Trade Surveillance System Without Proper Calibration and Procedures Is Like Having a Race Car With No Brakes

By: Chris Montagnino, Director of Regulatory Affairs, Eventus   Recently, a broker-dealer was faced with an $850,000 fine from FINRA and a significant undertaking to hire an independent consultant for failures in the supervision of their surveillance and AML processes. The Firm did not have procedures to monitor for potentially manipulative trading, as well as …

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