Books and Records

Regulatory enforcement actions and the increasing use of newer communications platforms are impacting recordkeeping and surveillance trends

Online broker-dealer failed to preserve at least 22.6 million business-related e-comms

The accounting for the payment of several million dollars from a broker-dealer to its corporate parent led to a FINRA enforcement action

SEC staff will not recommend enforcement action if a FINRA member relies on CRD to satisfy its record retention requirements under Rule 17a-4 for Form ...

There’s no question that the pace of off-channel communications cases brought by regulators has slowed to a crawl. While enforcement actions are fewer, some remain ...

The 16 firms pointed to an SEC enforcement settlement in January over off-channel communications that they contended ended with better terms than theirs

The firm elected to buy business phones for all staff, which has been shown to be a smart move

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 ...

Beginning in 2024, the Carlyle Group and its investment adviser affiliates began to roll out on-channel messaging platforms for external communications

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 ...