In Star's 3rd Annual Crypto & Compliance Survey, we partnered with Aer Compliance to examine how financial service firms globally manage employee crypto trading. The compelling research reveals a slow but steady rise in crypto-trading policies, with this trend predicted to grow.
Star’s partnership with Aer Compliance provides the most comprehensive and forward-thinking compliance solution in the market. Manage employee trading, monitor MNPI, and supervision regarding securities and crypto currency in one, end-to-end digital assets solution.
20 Feb, 2024
The popularity of crypto assets among the public has skyrocketed in recent years, as people become more familiar with what they are and how they can access and use them. There are now over 20,000 cryptocurrencies in existence, with 17% of US adults saying that they invested in, traded or used a cryptocurrency in 2023. But as with traditional securities, conflicts of interest may arise when employees trade crypto assets, putting both the firm and individual employees at risk. Compliance teams must therefore take the necessary precautions.
20 Feb, 2024
As mainstream adoption of digital assets increases globally, regulatory scrutiny is on the rise. As with any asset, conflicts of interest may arise when employees trade crypto assets, putting both the firm and individual employees at risk. With Rule 204A-1 of the Investment Advisers Act of 1940 mandating that registered investment advisers adopt policies and procedures requiring their employees to report personal transactions and holdings in reportable securities, there is growing concern among firms that they may be held liable for the crypto trading activity of their employees.
16 Jan, 2024
FINRA released their 2024 FINRA Annual Regulatory Oversight Report on January 9th. There are a number of sections that are important for Star clients that we discuss and highlight below.