FINRA Targets Small-Cap Offerings: Immediate Action Needed from Financial Institutions

In light of the Financial Industry Regulatory Authority’s (FINRA) ongoing targeted examination of practices surrounding public and private offerings of small-capitalization exchange-listed issuers with business operations in foreign jurisdictions—such as China—financial institutions must immediately prioritize a comprehensive self-assessment of their current public and private offering practices. This review, detailed in FINRA’s October 2025 guidance, focuses…

Outsourced Compliance for BSA/AML and OFAC

The Compliance Burden in a High-Risk Environment In today’s regulatory landscape, financial institutions are under increasing pressure to remain compliant with a maze of laws and evolving global threats. At the center of this compliance framework are three pillars: the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) regulations, and the Office of Foreign Assets Control…