Digest December 15th

Financial Industry Regulatory Authority (FINRA) Publishes 2025 Oversight Report

FINRA’s latest report highlights key areas of concern for firms: cybersecurity, third‑party risk, and communications with the public. These observations should guide internal reviews of compliance programs. FINRA

Financial Crimes Enforcement Network (FinCEN) Delays IA AML Rule to 2028

The agency announced it will delay the effective date for its anti‑money‑laundering rule for investment advisers until January 1, 2028—recognising the need for tailored rules given adviser business model diversity. U.S. Department of the Treasury

Advisor Mobility Intensifies as Major Team Moves from UBS to Morgan Stanley

A $3.7 billion advisor team recently left UBS for Morgan Stanley—part of a broader trend of talent migration amid compensation changes and platform shifts. Barron’s