Industry analysis, product news, and thought leadership from Loffa Interactive Group's team of settlement technology and compliance experts.
For a little more than a decade now, The SEC has been putting more emphasis on enforcing the legislation that governs cash accounts, commonly known as Reg T. Though, to this day there is still a great deal of brokers looking the other when it comes to trading out of cash accounts before a previous […]
How Much Do Financial Firms Really Know About SEC Regulation T? Most financial professionals can quote parts of Regulation T — margin requirements, credit restrictions, or the infamous “payment period” rule. But few fully grasp how Reg T now interacts with the SEC’s new T+1 settlement regime and what that means for […]
At some point or another, you’ve probably heard or discussed the open-source monetary format Bitcoin. Bitcoin is a volatile, mutable, but constantly improving currency network of digital funds that is currently trading at $475 per coin. Though, security has been a concern throughout Bitcoin’s upbringing, The advantage is, however, exponential and archaic; demand is triumphing […]
In this post credit crunch era of modern banking, regulators continue to struggle to determine the most effective penalty for banking institutions found guilty of malfeasance. Historically, the most popular form of punishment has been to levy a fine. For many financial institutions though, regulatory fines have simply become a cost of doing business. This […]
As part of the Securities Exchange Act of 1934, SEC Rule 17a-3 governs record-keeping in relation to broker dealer trade communications. In this modern age of information both the velocity and complexity of these communications have increased exponentially, and many financial firms have found themselves struggling to find usable solutions for compliance with Rule 17a-3. […]
President Obama to meet with regulators to discuss the progress made in strengthening the financial system by implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Read the full article
Quarterly Broker StatementsTM (QBSTM); Automated Solution to Address SEC Rule 17a-13 Regarding Open Fail Verifications for DTCC and Non-DTCC Participants Scottsdale AZ, January 8, 2010: The firm known for successfully developing applications designed to introduce paperless workflow solutions and improved efficiency to the Financial Services industry has introduced Quarterly Broker StatementsTM (QBSTM), a web-based solution […]
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