SS&C Technologies' recent US$44 million jury verdict in a lawsuit against Clearwater Analytics has put Wall Street's legal and human resource managers on alert to protect their firms from the receipt of trade secrets when hiring key employees from the competition."HR and legal departments are a company's first line of defense against litigation from trade secret theft and they must … [Read More...]
Featured Posts
Free Webinar: Eight Steps to Manage Third-Party CyberRisk
Join FinOps Report (www.finopsinfo.com) for a FREE educational webinar on Managing Third Party CyberRisk: A Best Practice ApproachDate: June 4, 2019 Time: 430PM to 530PM EST Interviewer: Chris Kentouris, Editor and Founder of FinOps Report Panelist: … [Read More]
Crypto-Miners: Are They Broker-Dealers or Math Geeks?
If it quacks like a duck, it's a duck, right. But does it quack?That's the question broker-dealer Templum Markets has raised to the US Securities and Exchange Commission about crypto-miners which has polarized the crypto-community into deciding whether … [Read More]
FINRA: E-Mail Oversight Needs Quantity and Quality
Reasonable. How is a US broker-dealer's compliance manager supposed to interpret that word when it comes to overseeing the firm's e-mail correspondence.With some difficulty and much deliberation on quantity and quality as shown by the … [Read More]
SEC to Transfer Agents: Clean Up Your Operations
Broker-dealers and banks aren't the only ones running off with customer monies.The US Securities and Exchange Commission is cracking the whip on shareholder recordkeepers for doing the same. Misappropriation of issuer and investor funds was one of the two … [Read More]
Hedge Funds: Proactive Operational Risk, Finally
Failed trade settlements, bad valuations, bad reconciliations, shoddy vendor management and simple forgetfulness.These glitches aren't new for hedge fund managers. What is new is that they are turning to management and technology consultants for … [Read More]