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SEC, CFTC ding 12 firms for recordkeeping violations – dissenting voices get louder
The fines totalled over $115m – with one firm dodging the bullet but still finding sympathy from two dissenting commissioners.
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Atom Investors dinged for ecomms recordkeeping lapses, but no fine imposed
The firm received no penalty because of its proactive approach, swift remediation and substantial cooperation efforts with the SEC’s investigation of a third party.
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SEC charges six credit rating firms for e-comms recordkeeping failures
Four of the six firms ordered to retain compliance consultants; two exempted due to extensive cooperative and remedial efforts.
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CFTC orders BNY Mellon to pay $5m for swap reporting, supervision lapses
The CFTC said the firm failed to properly supervise its swap dealer business with respect to swap data reporting.
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FINRA fines Landolt Securities for deficient supervision of electronic communications
Broker-dealer’s policies and procedures for monitoring representative’s comms were unclear and inadequate.
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Dubai’s regulator fines brokerage $1.37m for inadequate compliance resources
Another case of prolific incomplete electronic communications recordkeeping and monitoring failures.
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How technology can support a culture of compliance
Organizations must be strategic and challenging when selecting technology platforms to aid compliance.
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Comms monitoring takes centre stage with global regulators
If your firm is subject to one or multiple regimes, you should ensure your controls and approach are aligned with the relevant regulators’ expectations.