With 24-hour trading on US exchanges closer to becoming a reality, back-office operations managers at some US broker-dealers are starting to worry about possible glitches processing corporate actions. Twenty-four-hour trading doesn't mean 24 hours literally. It only means that there will be longer after-hours trading with a short trading halt of about an hour. The regular trading hours of … [Read More...]
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BofAML’s Fake Trade Reports: Governance Breakdown?
How could Bank of America Merrill Lynch get away with giving institutional customers phony trade execution, transaction cost analysis and expense reports for five years?… [Continue Reading]
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Crypto Laundering: AML Regs Tighten
Anti-money laundering managers at banks and other financial institutions need to adapt their customer onboarding and transaction-monitoring approaches to cryptocurrency investors or risk regulatory fines,… [Continue Reading]
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GDPR: Final Call for US Asset Managers
Does Europe’s General Data Protection Regulation (GDPR) apply to me? If compliance and operations managers at US asset management firms are asking themselves that question,… [Continue Reading]
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Custody: Unchartered Waters for Digital Assets
Qualified custodian. That’s a term that compliance and operations managers at registered investment fund advisors, not to mention the US Securities and Exchange Commission, are… [Continue Reading]
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Striking an NAV: Fund Managers’ Contingency Options
(Editor’s Update on December 5, 2018: US fund managers are getting serious about striking back-up NAVs on their own. Milestone Group tells FinOps Report that… [Continue Reading]
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Readers’ Picks (Last Two Weeks)
- Twenty-Four Hour Trading: Corporate Actions Snafu? July 3, 2025 (3)
- BNY Hit With Final US$11M Fine For SS&C Contract Breach September 27, 2024 (2)
- No Shortcuts Reimbursing NAV Errors Says SEC November 22, 2016 (1)
- SEC’s Proxy Voting Guidance: What About… September 13, 2019 (0)
- SEC: Clear Path For Crypto Asset Custody? February 19, 2025 (1)
- Europe’s Artificial Intelligence Act Needs Real Action May 20, 2025 (3)
Featured Posts

Europe’s Artificial Intelligence Act Needs Real Action
Financial firms across the globe will likely have to think out of the box and pray they make the right AI governance strategy to comply with Europe's Artificial Intelligence Act (AI Act) over the next two years. Embracing AI's ability to reduce operating … [Read More]

Drug Cartels As Foreign Terrorists: AML Spotlight
US President Donald Trump's decision in January to classify drug cartels as foreign terrorist organizations and specially designated global terrorists has put anti-money laundering compliance executives at US financial institutions doing business in Latin … [Read More]

SEC: Clear Path For Crypto Asset Custody?
The US Securities and Exchange Commission's decision last year to fine Galois Capital for violating its custody rule as well as potential changes to that regulation under the new crypto-friendly Trump administration are fueling speculation about whether one of … [Read More]

Business of Human Rights in New EU Reg
Oversight of third-party vendors will soon take on a new human rights twist for many local and foreign financial firms doing business in the European Union thanks to the new Corporate Sustainability Due Diligence Directive. The European legislation, … [Read More]

SEC Exams 2025: T+1 Post-Mortem?
T+1 settlement isn't over for the US Securities and Exchange Commission. Chief compliance officers at US fund management firms and broker-dealers must be prepared to show how they are meeting the challenge of a one-day settlement cycle, otherwise known as … [Read More]