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The 16 firms pointed to an SEC enforcement settlement in January over off-channel communications that they contended ended with better terms than theirs
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The firm elected to buy business phones for all staff, which has been shown to be a smart move
Business people having fun and chatting at workplace office
The Commission staff’s investigation found off-channel communications by Apollo personnel, including at senior levels. These communications were sent among colleagues as well as to external ...
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Beginning in 2024, the Carlyle Group and its investment adviser affiliates began to roll out on-channel messaging platforms for external communications
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Schwab provided its personnel with firm-issued devices or other firm-approved applications, making communications through approved channels more readily available, and disciplined personnel who violated its ...
An unauthorized third party fraudulently persuaded a Robinhood employee to download remote access software onto a Robinhood computer and give the actor control of the ...
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These off-channel communications included records required to be preserved under the Advisers Act because they related to a recommendation made or proposed to be made ...
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The adviser failed to implement sufficient monitoring to ensure that its recordkeeping and communications policies were being followed
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The compliance department did not collect the referenced WhatsApp messages from the partner
A failure to preserve 14,000 records led to a $30,000 FINRA fine
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