Global Relay Intelligence & Practice – All the latest news, insights, and publications from Global Relay.

Enforcement

FINRA fines Robinhood $26m for over a dozen rules violations

March 13, 2025

Among other things, FINRA alleged that Robinhood failed to establish adequate anti-money-laundering programs or reasonably supervise and retain certain communications.

Julie DiMauro2 min read
SEC

Your essential guide to the dos and don’ts of Form ADV

March 13, 2025

Practical tips and advice for compliance officers on how to approach this annual filing with the SEC.

Janaya Moscony | SEC37 min read
Compliance

Regulatory uncertainty brings risk and opportunity to pharma in 2025, says Jeff Lemay

March 13, 2025

CCO Jeff Lemay reflects on his time at Jazz Pharmaceuticals and asseses the road ahead for compliance and legal teams in the pharma sector.

Julie DiMauro5 min read
Supervision

FinCEN targets southwest border MSBs to combat drug cartel money laundering

March 13, 2025

Designation of these cartels is designed to help cut off access by entities associated with the groups to the US financial system.

Julie DiMauro1 min read

Article

March 10, 2025 2 min read

Stockholm FinTech Week 2025: Open finance – gateway to opportunity or Pandora’s box?

The thought-provoking session was made even more interesting by a bombshell disclosure about the withdrawal of EU FiDA.

ComplianceMore on Compliance

Enforcement

SEC fines Momentum Advisors, two officers $500,000+ over fiduciary breaches

March 12, 2025

Momentum Advisors LLC, along with its former COO and CCO, were charged with violations related to the misuse of portfolio company assets.

Alexander Barzacanos2 min read
Supervision

OPINION: Change to SEC Enforcement Director’s authority could affect pace, scope of investigations

March 12, 2025

Independent power to order investigations stripped by SEC.

Julie DiMauro1 min read
Enforcement

City wins: FCA backs down on controversial “name and shame” plans

March 12, 2025

The regulator will proceed with muted transparency plans which received broader support. We look at what this means for the enforcement division.

Jean Hurley5 min read
Enforcement

Trump Organization sues Capital One for closing its accounts

March 11, 2025

The bank and credit card lender has to defend itself in a lawsuit from a company owned by President Trump while also seeking merger approval from US antitrust authorities.

Julie DiMauro1 min read

More on Compliance

DataMore on Data

Data

Number of people affected by personal data breaches in Lithuania almost tripled in 2024

March 13, 2025

Close to half of all data subjects were affected by cyber incidents.

Martina Lindberg2 min read
Data

US consumers lost record $12.5 billion to fraud in 2024, says FTC

March 12, 2025

The number of fraud reports remained stable last year, but the percentage of people who lost money has increased.

Hameed Shuja1 min read
Data

Is AI transcription a DSAR time-bomb?

March 6, 2025

AI transcription is a hazard for organizations trying to cope with data subject access requests – here’s what businesses should do.

Alice Wallbank | Shoosmiths, Sherif Malak | Shoosmiths4 min read
Data

IOSCO thematic review pinpoints key challenges to effective market surveillance

March 5, 2025

Proliferation of venues and assets, data challenges as well as rapid technological change identified as key concerns.

Thomas Hyrkiel2 min read

ESG

HHS investigates med schools and hospitals under EO banning DEI programs

March 11, 2025

Move explained as a response to “allegations and information” received by the Office of Civil Rights.

Julie DiMauro1 min read
ESG

US Congress members set out case against EU sustainability rules

March 6, 2025

Members of US Congress and State Officials call for action against the EU CSDDD and CSRD.

Michael R Pfeuffer | Morgan Lewis, Marc Rotter | Ropes & Gray3 min read
ESG

UK pharma giant GSK suspends DEI initiatives citing US policy

March 5, 2025

Internal comms emphasize the fact that the US is the firm’s largest market.

Jean Hurley1 min read
ESG

SEC’s new ESG guidance leads to brief stewardship engagement pause

February 28, 2025

SEC guidance suggests detailed beneficial ownership report must be filed by investors seeking to “pressure” companies over ESG.

Alexander Barzacanos2 min read

RegulationMore on Regulation

SEC

SEC sustains most NYSE judgments against Lek Securities Corporation

March 12, 2025

LSC argued that the NYSE’s monetary penalties were excessive, and judgments related to faulty supervision were redundant.

Alexander Barzacanos1 min read
FCA

UK government abolishes payments watchdog “to reduce burden on business”

March 12, 2025

The announcement is the latest step in the drive to cut back regulation and boost economic growth.

Hameed Shuja2 min read
Regulation

New UK competition rules to affect global deal reviews for tech and pharma

March 10, 2025

The pharma industry has been the focus of recent competition investigations in the UK, EU and US.

Joshua M. Goodman | Morgan Lewis, Omar Shah | Morgan Lewis, Leonidas Theodosiou | Morgan Lewis8 min read
Regulation

GRIP Q&A: FTC and DOJ sticks with 2023 merger guidelines

March 7, 2025

Michelle Mantine and Courtney Bedell Averbach analyze what this means for businesses and assess potential antitrust regulation developments under President Trump.

GRIP5 min read

More on Regulation

TechnologyMore on Technology

AI

FCA and ICO pledge collaboration to ease regulatory uncertainty over AI

March 12, 2025

Initiative signals a proactive approach to the challenges of AI adoption that aims to foster an environment that supports responsible innovation.

Jean Hurley1 min read
Fintech

Major UK banks had 803 hours of outages in the last two years

March 12, 2025

While deeply concerned about affected customers, the UK Treasury Committee was measured in its criticism, expressing gratitude to the banks compensating customers.

Hameed Shuja, Thomas Hyrkiel4 min read
Crypto

White House Crypto Summit brought together political and industry leaders

March 11, 2025

President Trump just led the first ever Crypto Summit, gathering some of the biggest names in crypto to hear the executives’ ideas for regulation and legislation.

Julie DiMauro2 min read
Technology

UK ministers to cut regulation around tech innovation to boost growth

March 11, 2025

Latest announcement includes setting of performance metrics for regulators.

Hameed Shuja2 min read

More on Technology