Compliance Newsflash – May 15, 2019

May 15, 2019

Concerns About Pay-to-Play Violations Amplify As 2020 Giving Ramps Up 

On May 1, 2019, Ropes & Gray reported that as the 2020 Democratic presidential primary election field develops and new candidates join the race, more and more individuals are donating to their presidential candidates of choice. News reports suggest that candidates in the crowded field of presidential contenders have been more aggressive than ever in soliciting online donations from individuals.

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Finra wants to improve how it digitally interacts with member firms

On May 14, 2019, InvestmentNews reported that the Financial Industry Regulatory Authority Inc. is taking on a multiyear project to improve how member firms digitally interact with the regulator. Based on feedback from more than 50 firms about how the industry engages with Finra for compliance information, the agency identified six areas in which it believes processes can be improved. It plans to implement the program, called the Digital Experience Transformation, in stages through 2022.

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