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What is TRACE Reporting? (Part 1 of 6)

Perficient

debt market, the Financial Industry Regulatory Authority (FINRA) developed the Trade Reporting and Compliance Engine (TRACE) in 2002 to facilitate the mandatory reporting of OTC bond transactions in eligible fixed-income securities. Treasury Securities to TRACE. To promote transparency in the large U.S.

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AI, Security And Loosened Rules: How The US Wants To Boost FinTech

PYMNTS

In addition, there is increased lawmaker attention to promote innovation among non-bank providers of new payments and payment-related technology, and more consumer concern about online and data security. To do so, regulators should work with FinTech firms on “data sharing, standardization, security and liability issues.”.

Fintech 194
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Former Apple Securities And Compliance Lawyer Charged With Insider Trading

PYMNTS

The Securities and Exchange Commission (SEC) charged a former Apple lawyer with illegal insider trading on Wednesday (Feb. According to the SEC complaint, he was “responsible for Apple’s compliance with securities laws.”. 13), according to a report by CNBC. He was terminated in September. District Court of New Jersey.

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Details on the FDIC Security Breach by Chinese Spies [VIDEO]

Bank Innovation

How Chinese spies hacked into computers at the Federal Deposit Insurance Corporation from 2010 until 2013 -- and American government officials tried to cover it up.

FDIC 150
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Biden Expected To Name Professor Michael Barr To Head OCC

PYMNTS

He was on Ripple’s advisory board in 2015, is a former Coinbase executive, and was a key architect in the creation of the Dodd-Frank Act of 2010. The Biden Administration has a number of issues to tackle beyond the coronavirus, namely cryptocurrency, cybersecurity, national security threats, and money laundering.

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Goldman Sachs Denied Dismissal Of Class-Action Lawsuit Over Subprime Mortgages

PYMNTS

A Manhattan court denied Goldman Sachs Group’s appeal to dismiss a class-action lawsuit that accuses the investment bank of hiding information when it created subprime securities prior to the Great Recession, according to a report in Reuters. It also states that shareholders lost over $13 billion from February 2007 to June 2010.

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BITAG’s Big Plan To Secure The IoT

PYMNTS

Following October’s massive DDoS attack on Dyn, which knocked out internet service for millions of Americans, many in the industry have been scrambling to come up with ways to secure the Internet of Things from being used as a pawn in future cyberattack schemes.

Security 100