Day: July 27, 2021

Robinhood Under Investigation for FINRA Registration Violation

Robinhood Financial is facing an investigation over CEO Vlad Tenev’s failure to register with the Financial Industry Regulatory Authority, one of Wall Street’s top regulators, the online broker disclosed Tuesday in regulatory filings. The firm said it received an “investigative request” from FINRA on Monday. In question is Robinhood’s compliance with “FINRA registration requirements,” particularly the status of Tenev and his co-founder, Baiju Bhatt. FINRA wants documents and information, Robinhood said. “Robinhood is evaluating this matter and intends to cooperate with the investigation,” the firm said in the documents. jwplayer(“jw-video-gcaWlUHv”).setup({playlist:”https://cdn.jwplayer.com/v2/media/gcaWlUHv”})…

Blog: Regulating through a pandemic and beyond

boss

A blog by James Dipple-Johnston, Deputy Commissioner – Chief Regulatory Officer 27 July 2021 When the ICO’s management team met at the start of the pandemic, to discuss how COVID-19 could impact the ICO’s work, our top priority was providing clarity to those we regulate. We knew that, in uncertain times, organisations needed us to be clear about how we would regulate, and what they could expect to see us do differently. That is why we published a document setting out our regulatory approach during the pandemic. We wanted to clearly…

ICO approves the first UK eIDAS Regulations Qualified Trust Service Provider

boss

The Information Commissioner’s Office has approved GlobalSign as the UK’s first qualified trust service provider [QTSP] under the UK eIDAS Regulations. Trust services are important to businesses as they help ensure electronic transactions can happen securely and legally using mechanisms such as electronic signatures. To become a QTSP organisations must undergo a conformity assessment to demonstrate they meet the requirements of the UK eIDAS Regulations. This is then checked by the ICO. GMO GlobalSign Ltd is the first company globally to have gone through this process in the UK under…