By Aaron Nicodemus2024-06-18T15:10:00
Two senior officials from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) described how both agencies are committed to rooting out off-channel communications among registered entities for the long term.
“The off-channel communications issue will be with us for the next 50 years,” said Zachary Sturges, senior counsel at the SEC, during Compliance Week’s Financial Crimes and Regulatory Compliance Summit June 10 at Fordham Law School.
Texting and phone apps are the way traders under 40 communicate, Sturges said, and firms will have to use every means at their disposal—better technology, better policies, better training—to record and retain their business communications.
2024-09-05T14:32:00Z By Aaron Nicodemus
Six credit rating agencies will pay $49 million in fines to the Securities and Exchange Commission for allowing their employees to communicate on company business using nonapproved communication channels like Whats App and WeChat.
2024-04-26T14:13:00Z By Kyle Brasseur
The Department of Justice’s renewed scrutiny toward a corporation’s approach to the use of personal devices strengthens the case for companies to get away from bring your own device, a panelist at Compliance Week’s 2024 National Conference argued.
2024-04-08T17:35:00Z By Aaron Nicodemus
Sanjay Wadwha, deputy director of the SEC’s Enforcement Division, discussed the agency’s rationale for issuing widely disparate penalties for off-channel communications recordkeeping violations, as well as violations of its amended marketing rule.
2025-09-05T18:42:00Z By Adrianne Appel
The Department of Health and Human Services is stepping up its enforcement against hospitals and other health entities that block the sharing of electronic health records.
2025-09-04T18:49:00Z By Ruth Prickett
The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own digital wallet.
2025-08-28T20:40:00Z By Aaron Nicodemus
The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.
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