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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
N.Y.’s Top Financial Cop Is Leaving
by Howard Haykin
Maria Vullo, the superintendent of New York State’s Department of Financial Services (“NYSDFS”), will step down on February 1, 2019, ending her 3 years of service. As head of New York’s banking and insurance regulator, Ms. Vullo has, among other things, created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at Obamacare and payday-lending rules.
Ms. Vullo was appreciated for her expertise and balanced enforcement of the laws – that, according to Kathryn Wylde, CEO of the Partnership for New York City, an advocacy group for business. Ms. Vullo collected more than $2.8 billion from enforcement actions against financial institutions (mostly foreign banks, for violations of U.S. sanctions, AML laws and the Bank Secrecy Act) - in contrast to the $6 billion in penalties that her predecessor, Benjamin Lawsky, tallied over 4 years.
No successor has been named.