STP Institute

Marketing Rule Violations Continue

Marketing Rule violations continue…nearly two years after the Marketing Rule’s compliance effective date, the SEC’s continues to employ a balanced approach, alternating between issuing Risk Alerts and levying fines, to drive home the message that non-compliance will not be tolerated.

Third-Party Cyber Risk Likely to Stay a Focus for Trump’s SEC

The agency under the Trump administration is expected to focus on cybersecurity controls in its examinations at a time when cyberattacks are considered one of the top threats to financial services firms.

STP’s Lori Weston, Head of Compliance, said, “Cybersecurity has been a regulatory concern for over a decade, and now we’ve got that emerging issue of artificial intelligence.  At the end of the day, it’s still the advisor that’s responsible for protecting their firm and client data. So, politics aside, with the proliferation of methods that cyber criminals use to access data, firms should expect that they and their vendors will experience a breach at some point. It’s a question of when, not if.”

STP Mentioned in Ignites

STP is proud to be mentioned in Ignites on ICI: Zero Confidence in T+0.

The trade group has joined with SIFMA and DTCC in warning against advancing to same-day settlement, saying it would be too costly and disruptive to trading infrastructure.

Quick Guide: Trade Settlements at STP

As an end-to-end investment operation and technology service partner, STP’s trade settlements service can help you gain efficiencies with your operational tasks.