Something surprising appears to be underway behind two major financial crime stories that broke over the past several weeks – regulators and law enforcement officials domestically and internationally can work together for positive results. To recap, a coalition of sorts joined forces to bring in alleged “Flash Crash trader” Navinder Sarao, a British futures trader…. Read More >>
Fort Worth Regional Director Leaving SEC
The SEC reports that David Woodcock, regional director of the Fort Worth, Texas office since 2011 and head of the SEC enforcement division’s nationwide financial reporting and audit task force, is leaving the commission later this spring. As regional director, he currently oversees a region that includes Texas, Oklahoma, Arkansas, and Kansas. Woodcock “helped form… Read More >>
Industry Vet Joins Trendrating as North American Sales Head
Factor analytics vendor Trendrating has hired John Coulter as its new managing director of North America covering sales, marketing and client service, officials say. In his new role, Coulter will be responsible for “product positioning and driving the company’s North American go-to-market strategy,” according to a company statement. He will report to Rocco Pellegrinelli, Trendrating’s… Read More >>
SmartStream Launches Office in Saudi Arabia
Reconciliation vendor SmartStream has opened a new office in Riyadh, Saudi Arabia, in a bid to cement its presence in the Middle Eastern market, officials say. After successful efforts to centralize its operations in the Middle East at its Dubai office, “SmartStream has experienced unparalleled growth, necessitating the launch of this newest office,” according to… Read More >>
OpenFin Raises $3M to Scale Up Offerings
FinTech startup, OpenFin, a provider of HTML5 runtime technology for financial services firms, has raised $3.0 million in financing that will be used for product development and engineering team expansion in New York and London, officials say. These teams will work toward scaling OpenFin’s offerings to meet client needs. OpenFin’s HTML5 implementation is based on… Read More >>
Survey: Asian Firms Need More IT for Wealth Management
SS&C Technologies Holdings, Inc., a Windsor, Conn.-headquartered provider of financial services software and software-enabled services, reports that a survey examining wealth management operations and technology in Asia has found that “banks in Asia do not have the technology to meet high net worth customers’ reporting and analytics demands,” according to an SS&C statement. Specifically, the… Read More >>
Q&A: Five Minutes with Timothy Massad
Editor’s Note: In a video interview with FTF News, the chairman of the CFTC discusses the regulator’s priorities, the recent Flash Crash enforcement action, data management and reporting issues. This is a transcript of the video interview, which has been posted online. Q: Everyone is telling you what the top priorities are for the CFTC. What… Read More >>
Hearsay Social Launches Curated Content Channels
Silicon Valley-based Hearsay Social, a privately held provider of social media compliance tools for financial agents and advisors, has unveiled curated content channels, its newest offering for financial professionals, available through the Hearsay social content library, according to a company statement. In Hearsay’s library, advisors and agents can find content on “topics of their choosing… Read More >>
Is Hillary’s New CFO a Nod to Elizabeth Warren?
Hillary Clinton has tapped former regulatory firebrand Gary Gensler as her campaign’s chief financial officer (CFO), a move that could signal there’s bite to the populist bark her campaign has engaged in recently. As the former chairman of the CFTC from 2008 to 2013, Gensler led the charge among regulators in implementing the reforms outlined… Read More >>
Cordium Debuts Compliance Workflow Solution
Compliance consulting and software vendor Cordium has just launched Pilot, a new compliance workflow management system, officials say. Pilot is designed “to manage complex compliance and operational tasks from start to finish,” and thus help compliance professionals manage and keep on top of their workload, according to a company statement. Pilot centers around an interactive… Read More >>
