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SEC still live and kicking as 12 firms fined combined $63m+ in recordkeeping failure charges
Each firm used unapproved communication methods, or off-channel communications, to send and receive messages that were required to be maintained under the securities laws, the SEC said.
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SEC modernizes submission of some forms and filings
The rule requires broker-dealers, securities-based swap dealers, exchanges, clearing agencies, and other SROs to submit forms in certain electronic formats.
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SEC settles recordkeeping charges with ICBC Financial Services after cyber event
The SEC said the attack affected the business’s ability to update its books and records and lose connectivity to its clearing firms and clearing agents.
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NSCP 2024: Off-channel communications the focus of discussions
NSCP conference participants discussed recordkeeping enforcement actions, policy recommendations, and predictions about future enforcement patterns.
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Moog must pay $1.7m to the SEC to settle FCPA case
The SEC’s order alleged that Moog violated the recordkeeping and internal accounting controls provisions of the FCPA.
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CFTC fines Piper Sandler for recordkeeping violations; commissioners dissent
The dissenters questioned whether the definition of “business records” has been stretched beyond usefulness.
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ASIC roundup: Prison for aiding and abetting, and Kraken found guilty of DDO failures
The Australian Securities & Investments Commission’s latest actions and news, August 12 – 23, 2024.
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XLoD London 2023: What the SEC means by proactive compliance
In this session, Lindsay Moilanen, Assistant Regional Director at the SEC, outlined the Commission’s current priorities.