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FINRA Fines TD Bank Unit over Failure to Review Emails

FINRA Fines TD Bank Unit over Failure to Review Emails

A unit of TD Bank, a US subsidiary of Canada’s Toronto-Dominion Bank, has agreed to pay a $125,000 fine to resolve allegations that it failed to record the required review of 3.1 million emails.
FINRA requires that all securities-related correspondence between registered representatives...


FINRA Implements New Rule and Procedures to Prevent Financial Exploitation of Seniors

FINRA Implements New Rule and Procedures to Prevent Financial Exploitation of Seniors
New FINRA Rule 2165 (Financial Exploitation of Specified Adults) and Amendments to FINRA Rule 4512 (Customer Account Information)

America’s population is rapidly aging. The number of US residents over the age of 65 is expected to double over the next 30 years. Today, seniors, specifically baby boomers, control 50% of all existing investable assets across the country.
This portion of the US population has a...



AML Regulators Target Capital One's Check Cashing Businesses

AML Regulators Target Capital One's Check Cashing Businesses

Check cashing businesses are a major focus of anti-money laundering rules and regulations. Investors recently learned that federal and New York prosecutors are currently investigating Capital One Financial Corp.’s anti-money laundering program and “certain check casher clients”...

Mexico in Crosshairs Of Precedent Setting 2016 FCPA Enforcement Actions

Mexico in Crosshairs Of Precedent Setting 2016 FCPA Enforcement Actions

It may come as no surprise that doing business in China holds a high risk of Foreign Corrupt Practices Act (FCPA) violations. However, the record-setting numbers of FCPA enforcement actions seen in 2016 placed Mexico in a close second.
With increases in multi-jurisdictional anti-corruption...


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