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Broker-dealer was charged with failing to reasonably supervise the use of personal e-mails for business-related communications
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In the new legal cases targeting advisers, the SEC cited their responsibilities under Advisers Act section 204 (reports by IAs) and the books and records ...
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Commission staff uncovered Cambridge’s misconduct after commencing a risk-based initiative to investigate the use of off-channel and unpreserved communications at broker-dealers. Cambridge has initiated a ...
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During the time period that NMIS failed to maintain and preserve off-channel communications that its personnel sent and received related to NMIS’s broker-dealer business, NMIS ...
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Oppenheimer’s supervisors, who were responsible for supervising junior employees, routinely communicated off-channel using their personal devices. In fact, senior management, managing directors, and other Oppenheimer ...
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The federal securities laws impose recordkeeping requirements on broker-dealers and registered investment advisers to ensure that they responsibly discharge their crucial role in our markets.
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These proceedings arise out of the widespread and longstanding failure of USBI employees throughout USBI, including at senior levels, to adhere to certain of these ...
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The Firms failed to keep for prescribed periods, and furnish copies of, such business–related records as necessary or appropriate in the public interest or for ...
Broker-dealer didn't regularly review, assess, or update keywords used by the firm to flag e-mails for review
FINRA is actively conducting risk-based reviews of firms' practices tied to off-channel communications
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