The days of “check-the-box” compliance are over. FinCEN’s landmark proposed rule would replace paper-heavy AML programs with a results-driven framework. Here’s what changes, and how to get ahead of it. On April 7, 2026, the Financial Crimes Enforcement Network (FinCEN) dropped a major Notice of Proposed Rulemaking (NPRM) that would transform Anti-Money Laundering and Countering…
Your WSPs Are Outdated. Here’s How to Fix Them Fast The updated FINRA Rule 3220 went into effect March 30, 2026 and if your Written Supervisory Procedures (WSPs) still reflect the old $100 gift limit, your firm is already exposed. This is not a minor revision. This is a full-scale compliance shift that introduces new…
The long-standing FINRA Rule 3220 (Gifts Rule) has officially been updated, marking one of the most significant regulatory changes for broker-dealers in over three decades. Approved by the SEC on February 12, 2026, and effective March 30, 2026, these amendments introduce a new $300 gift limit, expanded supervisory requirements, and a modernized compliance framework. …
FINRA’s proposed rule change SR-FINRA-2026-001 is one of the most consequential updates to outside business activity (OBA) and private securities transaction (PST) regulation in years. If adopted, it would consolidate FINRA Rules 3270 (OBAs) and 3280 (PSTs) into a new Rule 3290, shifting the compliance burden away from low-risk outside activities and toward the activities…
If you work in securities regulation, broker-dealer compliance, investment banking, or capital markets, FINRA’s latest regulatory push should be on your radar. In January 2026, the Financial Industry Regulatory Authority (FINRA) filed a proposed rule change with the SEC to amend two key Capital Markets rules: FINRA Rule 5110 (the Corporate Financing Rule, governing underwriting…
At MCG Consulting Services, we stay ahead of regulatory changes to ensure our clients remain compliant. The Financial Industry Regulatory Authority (FINRA) announced significant updates through Regulatory Notice 24-02. These updates include the adoption of FINRA Rule 3110.19 and FINRA Rule 3110.18, which introduce the Residential Supervisory Location designation and the Remote Inspections Pilot Program.…
Covid-19 has arguably become one of the biggest challenges for society as a whole. The pandemic and economic crisis have created a plethora of operational and financial challenges that have unfolded on the financial industry.
MCG takeaways from 2019 SIFMA Conference C&L, Annual Seminar held March 24-27 at JW Marriott Desert Ridge, Phoenix AZ.
To offer Cryptocurrency Trading in the US Capital Markets, you must start your own securities exchange or start your own Alternative Trading System (“ATS”).
