Policy Patty Toolkit 

Making the world a little more compliant one toolkit at a time.


FINRA Issues Report on Examination Findings

Posted on December 8, 2018 at 10:05 AM
FINRA issued its annual report addressing certain aspects of the firm???s compliance with specific securities laws and regulations. The report is another resource for firms to strengthen their compliance programs and supervisory controls. Some firms have requested that FINRA make publicly available a summary of observations from the firm examination program so they can further improve their practices and processes based on the experiences of other firms, as well as better anticipate and address ... Read Full Post »

DOJ Enforcement Actions - Week of December 3, 2018

Posted on December 4, 2018 at 10:35 AM
The following is a listing of recent actions by the US Department of Justice with more items accessible via the Read More link below: Press Release Political Operative Convicted of Federal Campaign Finance Crimes in Two Congressional Campaigns and of Obstructing Investigation by Federal Election Commission Press Release Former CEO of Detroit-Based Technology Company Sentenced to One Year in Prison for Bribery Press Release Florida Man Sentenced to Three Years in Prison for Surrept... Read Full Post »

FINRA Actions - December 3, 2018

Posted on December 3, 2018 at 6:05 PM
Technical Notice TRACE for Securitized Products API Specification Update FINRA has updated the TRACE for Securitized Products Web API technical specification. A new code of "U", representing UMBS, has been added to the Issuing Agency Values in Appendix 8. Read More: http://www.finra.org/industry/trace/trace-securitized-products-api-specification-update Notice Regulatory Notice 18-39 Unexpected Close of Securities Markets This Notice provides guidance to members regarding SEA Rules 15... Read Full Post »

DFS Approves CVS Health's Acquisition of Aetna Insurance

Posted on November 27, 2018 at 1:35 PM
New York's Department of Financial Services announced that it has approved CVS Health Corp. and CVS Pharmacy Inc.???s application to acquire Aetna Health Insurance Company of New York, a New York domestic stock accident and health insurance company, following a public hearing and extensive public comment period. DFS approved the acquisition subject to a number of conditions to which CVS and Aetna have agreed including enhanced consumer and health insurance rate protections, privacy controls, cy... Read Full Post »

DOJ Enforcement Actions - Week of November 19, 2018

Posted on November 25, 2018 at 3:30 PM
The Department of Justice took the following actions for the week of November 19th: November 22, 2018 Press Release Deputy Attorney General Rod Rosenstein Delivers the Keynote Address at the 87th INTERPOL General Assembly in Dubai, United Arab Emirates November 21, 2018 Speech Acting Attorney General Matthew Whitaker Delivers Remarks at John F. Kennedy International Airport???s International Mail Distribution Center Press Release Justice Department Obtains $11.3 Million Settleme... Read Full Post »

SEC Actions on November 16th and 15th:

Posted on November 19, 2018 at 4:25 PM

Bellow is an overview of actions taken by the SEC on November 16th and 15th:

Two ICO Issuers Settle SEC Registration Charges, Agree to Register Tokens as Securities
Nov. 16, 2018 

The SEC announced settled charges against two companies that sold digital tokens in initial coin offerings (ICOs). These are the Commission’s first cases imposing civil penalties solely for ICO securities offering registration violations. Both companies have agreed to return funds...

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DOJ Enforcement Actions - Week of November 12, 2018

Posted on November 11, 2018 at 3:55 PM

The Department of Justice issued the following actions for the week of November 12th:

November 11, 2018

Press Release

Acting Attorney General Whitaker Statement on Veterans Day

November 9, 2018

Press Release

Third Real Estate Investor Pleads Guilty to Bid Rigging in Florida Online Foreclosure Auctions


Press Release

Two Residents of Lebanon Arrested in Seattle in Connection with Scheme to Illegally Export Firearm...

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SEC Actions - November 8, 2018

Posted on November 9, 2018 at 3:30 PM
Here is a summary of the actions by the SEC for November 8, 2018: SEC Announces Agenda, Panelists for Staff Roundtable on the Proxy Process Read More: https://www.sec.gov/news/press-release/2018-260 Stock Research Firm and Co-Founders Charged With Deceiving Investors in Supposedly Unbiased Reports The SEC charged a stock research firm and its co-founders with defrauding investors by issuing reports purportedly based on "unbiased" and "not paid for" research when in reality they receive... Read Full Post »

SEC Actions for November 7, 2018

Posted on November 8, 2018 at 8:05 AM

Here are some actions taken by the SEC on November 7th:

Citibank to Pay More Than $38 Million for Improper Handling of ADRs

The SEC announced that Citibank N.A. has agreed to pay $38.7 million to settle charges of improper handling of “pre-released” American Depositary Receipts (ADRs). ADRs – U.S. securities that represent foreign shares of a foreign company – require a corresponding number of foreign shares to be held in custod...

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FTC Hearings on Competition and Consumer Protection in the 21st Century

Posted on November 7, 2018 at 11:25 AM
Information on the Federal Trade Commission's upcoming hearings on Competition and Consumer Protection in the 21st Century Continue with Discussion on the Intersection of Big Data, Privacy, and Competition: WHAT: The Federal Trade Commission will host the sixth session of its Hearings on Competition and Consumer Protection in the 21st Century. WHEN: Tuesday, November 6,Thursday, November 8, 2018, beginning at 9 a.m. WHERE: American University Washington College of Law 4300 Nebraska Aven... Read Full Post »