Piper Jaffray Taps MCO for Compliance
MyComplianceOffice (MCO) announced today at the annual FINRA Conference in Washington, D.C. that Piper Jaffray Companies (NYSE: PJC), a leading global investment bank and asset management firm, has selected MCO’s conduct risk management platform.
The MyComplianceOffice platform enables firms to demonstrate effective risk management of potential misconduct to regulators using state-of-the art technology and optimal security protocols. Firms partnering with MCO can efficiently and cost-effectively automate their compliance ethics policies, including monitoring of employee, client and third-party business activities.
Piper Jaffray will utilize the platform’s Know Your Employee (KYE) module to help monitor employee personal trading, gift and entertainment, and outside business activities (OBA). The MCO KYE solution will provide Piper Jaffray with a complete view of employee activity in these areas via a robust, but easy-to-understand dashboard. It will also provide the firm with the ability to customize forms and perform attestations. And using MCO’s solution, Piper Jaffray can ensure OBA reporting data is accurate, non-redundant, and directly connected to FINRA’s OBA reporting system.
“We chose MCO because their solution is comprehensive and customizable, yet also easy-to-use and integrates with our technology systems. Its modular approach allows us to meet our existing employee conduct management needs and has the potential to help us manage risk across the entire organization in the future,” said Shawn Quant, chief information officer at Piper Jaffray.
“We are excited to provide Piper Jaffray with a compliance solution to manage its code of conduct activities and ultimately lower compliance management costs,” said Brian Fahey, CEO of MyComplianceOffice. “MCO is committed to working with large global firms, adapting our solutions to meet unique business needs and implementing in an expedient, user-friendly way to get clients up and running quickly.
Employees often communicated about securities business matters on personal devices.
FTX US Derivatives and FTX US plan to implement cross-market crypto surveillance.
Some material changes have come out of ESMA’s review of algorithmic trading.
The crypto exchange has completed its acquisition of regulated futures exchange LedgerX.
Some recordings need to be retained for one year.