20 Feb, 2024
The popularity of crypto assets among the public has skyrocketed in recent years, as people become more familiar with what they are and how they can access and use them. There are now over 20,000 cryptocurrencies in existence, with 17% of US adults saying that they invested in, traded or used a cryptocurrency in 2023. But as with traditional securities, conflicts of interest may arise when employees trade crypto assets, putting both the firm and individual employees at risk. Compliance teams must therefore take the necessary precautions.
20 Feb, 2024
As mainstream adoption of digital assets increases globally, regulatory scrutiny is on the rise. As with any asset, conflicts of interest may arise when employees trade crypto assets, putting both the firm and individual employees at risk. With Rule 204A-1 of the Investment Advisers Act of 1940 mandating that registered investment advisers adopt policies and procedures requiring their employees to report personal transactions and holdings in reportable securities, there is growing concern among firms that they may be held liable for the crypto trading activity of their employees.
14 Feb, 2024
As the US election year heats up, addressing political contributions has come to the forefront of many compliance teams’ minds. When discussing political contributions or ‘pay-to-play’, many of us have different notions about what exactly this refers to. In truth, it’s quite a large umbrella that covers different laws and policies. It includes areas such as bribery and services fraud that have a connection to a political contribution, or even a charitable donation, and some government-specific decisions. These rules apply to more than just the federal government. State and local governments have their own sets of rules and regulations that must be followed and built into a firm’s compliance policy.