The companies, products and regulatory developments shaping the broker industry.
FINRA’s US$800,000 settlement describes failures in customer identification and small-cap IPO monitoring. A separate 2025 ticket-recording case adds context without proving one common scheme.
A reconstruction across US enforcement records shows how missing transaction data persisted after automation. It also reconciles the $125m penalty, including credits for three regulators and a conditional $15m remediation allowance.
The timeline from June asset restrictions and interim managers to special administration and a later AML investigation raises unresolved questions about safeguarding and customer recovery, without establishing criminal guilt.
An examination of the SEC’s annual enforcement figures distinguishes ordered remedies from cash returned to investors and highlights trading-system, surveillance and AML failures.
Across three orders, the broker’s reporting population was narrowed by account coverage, the wrong legal dollar rule and a model cutoff that internal analysis had already contradicted.
Treasury issued a special measure against MEXC Global, but the bank-transfer prohibition takes effect 30 days after Federal Register publication rather than immediately on the announcement date.
MAS's latest FATF statement demands careful jurisdiction-specific compliance, warning institutions against treating enhanced Myanmar checks as identical to Iran and DPRK countermeasures.
FINMA’s revised digital-identification circular took effect on 1 November, addressing electronic identity, QR documents and spoofing risks.
The regulator is consulting on a prescribed NISM examination and a six-month compliance period. The proposal concerns the designated principal officer role, rather than every compliance employee.
The FCA seeks expressions of interest by 31 December 2026 for a Q1 2027 quantum-financial-crime experiment using synthetic data, not a live compliance system.
The supervisor's October sector report follows 2024–25 inspections and asks firms beyond the inspected sample to assess and fix weaknesses under Belgian AML rules.
The priorities identify how existing duties will be examined, including daily customer reserves, foreign omnibus accounts and controls over new products. The document creates no new legal obligations.
The regulator’s October circular brings customer verification and group controls into firms’ preparation work while Commission adoption of the technical standards remains pending.
The $800,000 settlement turns account-opening discrepancies, concentrated allocations and post-IPO trading into one connected supervisory problem.