On Jun. 13, UKP issued report on abolishing alpha-male culture. Treasury committee report called for reform of bonus negotiation, promotion of flexible working to encourage the progression of women into senior levels. Key Findings Research indicated that culture is the overwhelming reason that women said they do not want to get involved, at senior levels,…
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CFPB Consumer Complaint Data
On Jun. 5, 2018, 14 AGs urged CFPB to retain public access to complaint database. Background: Reports CFPB has published a variety of reports analyzing consumer complaints, responses. Since Jul. 2015, began publishing series of monthly complaint reports, with trends. Products, geographic area, comparative reports published using the monthly trend. Some reports required by…
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FINRA Credit Card for Investing
On May 22, FINRA warned on risk of credit cards for investing. FINRA reported SEC Feb. 2018 alert on risks from using cards to buy investments. Considerations before using a credit card to invest. Most licensed firms do not allow customers to invest using a credit card, therefore pressure to use a credit card to…
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UKP Russian Corruption in UK
On May 21, UKP foreign affairs panel issued report on Russian money. UK be serious about confronting full scope of President Putin’s offensive measures. Robust rhetoric from Prime Minister, following attempted murder of Sergei Skripal and his daughter has been undermined by business as usual sign on UK front door. Report says the use of London…
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FINTRAC Political Person FAQ
On May 11, FINTRAC issued FAQs on politically exposed persons. FAQs regarding identification, treatment of politically exposed persons in Canada. Including for the heads of international organizations, and their family members. Follows FINTRAC Dec. 2016 guidance on politically exposed persons. Overview Per legal requirements, Canadian financial institutions, life insurance providers, securities dealers and money services…
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IIROC Enforcement Report 2017
On May 4, IIROC issued report on 2017 enforcement, and suitability. Highlighted actions taken and progress in enforcement in six provinces of Canada. Since Jan. 2017, IIROC gained additional legal authority for enforcement actions. Half of enforcement matters on suitability included seniors, new laws improved it. Sanction Statistics Focus remained on suitability, 45% of prosecutions,…
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