Fines & Wines

TRADEliance
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Fines & Wines is a podcast by TRADEliance - a consulting firm for firms in the U.S. financial industry focused on Trading Operations and Compliance issues. Listen in as Jesy and Kat discuss their take on some of the recent disciplinary actions shaping the financial industry over a glass of fine wine. Though these episodes are intended to be casual, and a fun take on discussing regulation, our consultants are serious when it comes to helping you out. www.tradeliance.com

  1. 2025/05/16

    When Complex Rules Cause Complex Issues

    In this episode, TRADEliance founders, Jesy and Kat, review a high-profile enforcement action with a lot to unpack.  So, pour yourself a glass of wine and listen as they discuss:  Failing to reasonably supervise the firm’s maintenance and reporting of accurate and complete trade, order, and position data such as:   Blue Sheets. Reporting fractional shares to TRF and CAT reporting. Mismarking option orders origin code. Customer option positions to LOPR. The firm's short interest positions.Executing trades during trading halts and failing to comply with Reg NMS to address extraordinary market volatility.Also, send your recommendations for new wine openers to solutions@tradeliance.com! Read the FINRA Press Release here.   TRADEliance consultants have the practical experience in Trading Operations & Compliance that help you achieve results.  For a free needs assessment, contact solutions@tradeliance.com Support the show Support the show

    26 分鐘

  2. 2025/01/02

    Enforcement Trends - Year in Review 2024

    The TRADEliance consultants have been hard at work this year, so it has been a while since we were able to make a new episode for you.   In this episode, Jesy and Kat share their observations regarding FINRA enforcement trends for 2024 in the Capital Market space.  Those trends include:   Founders Jesy and Kat share updates from 2024Rule 605 & 606 reportsMarket AccessFixed Income Trade Reporting (TRACE and RTRS)Best ExecutionTrade ConfirmationsPrevailing Market PriceReg SHOConsolidated Audit Trail (CAT)  So sit back, pour yourself a glass of wine, and listen to us share our take-aways on the 2024 FINRA fines.    Support the show

    19 分鐘

  3. 2023/11/09

    Enforcement Year in Review 2023

    This episode focuses on the trends in FINRA Enforcement over the course 2023.  TRADEliance discusses a several high level trends before doing a more in depth discussion on two topics: Manipulative Trading and Market Access.   Jesy and Kat crack open some mediocre bubbly to celebrate this episode.Firms should take note of conducting thorough testing to prevent and detect system issues.Many of the trends in enforcement also highlight the need for training.Other topics discussed include:Trade ConfirmationsRecordkeeping 605/606TRACE Trade Reporting LOPR Private Placements Reg Sho Best Ex Market Orders for New Issues in the Secondary Market Marking to Market Surveillance CAT Oversubscription of Partial Tender Offers For information on any of the cases discussed, contact solutions@tradeliance.com Support the show

    26 分鐘

  4. 2023/05/18

    Testing, Testing and More Testing

    Listen in as TRADEliance discusses considerations for a robust Testing Plan. Drink every time we say testing….  No, not really, don't do that!We encourage firms to create a testing plan that goes beyond a 3120/206-7 testing obligationWritten Supervisory Procedures vs Supervisory Controls Procedures Testing samples should be targeted and random and targeted Think of testing vendors, systems and data as three of the pillars that will support a thorough testing planFINRA Guidance on Supervision Topics Support the show

    23 分鐘

  5. 2023/03/15

    Best Ex vs. Fair Pricing vs. Reasonable Comp

    This episode takes a slightly different approach!  Listen in as TRADEliance discusses the difference between best ex, fair pricing and reasonable compensation while highlighting some cases that support these differences.   Best Execution:  How is the Order Handled ? Fair Pricing: What is the actual price to the client? Reasonable Compensation: What is the BD entitled to charge for that trade? Are you supervising these topics separately? The disciplinary cases discussed in this episode are listed below: Best Execution Case #1Best Execution Case #2Best Execution Case #3  Fair Pricing Case #4Fair Pricing Case #5Reasonableness of Compensation Case #6 Reasonableness of Compensation Case #7 Enjoy! Support the show Support the show

    21 分鐘

  6. 2023/02/09

    TRADEliance Takes on FINRA Exam Priorities

    Listen to Jesy and Kat discuss the 2023 Report on FINRA's Examination and Risk Monitoring Program! We couldn't cover everything in the 75 page report, but we do manage to tackle the following topics:  Market Integrity Books and Records Firm Short Positions and Fails to Receive in Municipal SecuritiesReg BICATBest Execution Disclosure of Routing Information Fixed Income Fair Pricing, Fractional Shares and Reg SHO.Also - Jesy is sick and drinking boxed wine, while Kat gets fancy enjoying some Prosecco.  The link to the AWC Jesy referred to during the podcast is here. Enjoy! Support the show

    32 分鐘

  7. 2023/01/05

    Brainstorming on Regulation Best Execution

    Listen in as TRADEliance brainstorms their comment letter for the Regulation Best Execution Proposal!  Topics discussed include:  The Antifraud Provisions of the Exchange Act as the mechanism for enforcementConflicted TransactionsImpacts to Introducing BrokersUse of Last Look The need for consistency in definitionsRead the Proposal here. www.tradeliance.com TRADEliance consultants have the knowledge and first hand experience to improve your firm's trading operations or compliance processes. https://www.buymeacoffee.com/finesandwines Support the show

    16 分鐘

  8. 2022/12/15

    I've Got 99 Problems...And TRACE is All of Them

    $675,000 fine for issues related to TRACE Trade Reporting. Let’s start a book club!  The ladies are currently reading the Bond King by Mary Childs and had a fangirl moment when she acknowledges them on LinkedinKat and Jesy are on a quest for a good box wineItemized TRACE Issues (It’s a lot)  Late Trades No Remuneration Indicator Non-member Affiliate trade reportsFactored corporate bonds SupervisionMajor theme:   Systemic IssuesMake sure you are supervising rejected tradesHow inclusive is your supervisory reviews?Read the AWC here. www.tradeliance.com TRADEliance consultants have the knowledge and first hand experience to improve your firm's trading operations or compliance processes. https://www.buymeacoffee.com/finesandwines Support the show Support the show

    19 分鐘
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簡介

Fines & Wines is a podcast by TRADEliance - a consulting firm for firms in the U.S. financial industry focused on Trading Operations and Compliance issues. Listen in as Jesy and Kat discuss their take on some of the recent disciplinary actions shaping the financial industry over a glass of fine wine. Though these episodes are intended to be casual, and a fun take on discussing regulation, our consultants are serious when it comes to helping you out. www.tradeliance.com

資訊

  • 創作者
    TRADEliance
  • 活躍年代
    2022年 - 2025年
  • 集數
    13
  • 年齡分級
    兒少適宜
  • 版權
    © 2026 Fines & Wines
  • 節目網站
    Fines & Wines