Books and Records

During the time period that NMIS failed to maintain and preserve off-channel communications that its personnel sent and received related to NMIS’s broker-dealer business, NMIS ...

Oppenheimer’s supervisors, who were responsible for supervising junior employees, routinely communicated off-channel using their personal devices. In fact, senior management, managing directors, and other Oppenheimer ...

The federal securities laws impose recordkeeping requirements on broker-dealers and registered investment advisers to ensure that they responsibly discharge their crucial role in our markets.

These proceedings arise out of the widespread and longstanding failure of USBI employees throughout USBI, including at senior levels, to adhere to certain of these ...

The Firms failed to keep for prescribed periods, and furnish copies of, such business–related records as necessary or appropriate in the public interest or for ...

Broker-dealer didn't regularly review, assess, or update keywords used by the firm to flag e-mails for review

FINRA is actively conducting risk-based reviews of firms' practices tied to off-channel communications

Regulators 'signaling as loudly as they can,' expert warns

The Commission's move was prompted by a rulemaking petition submitted after the SEC's 2020 adoption of rule 15c2-11 amendments

Commissioner characterized the penalties associated with off-channel communications-related enforcement actions as "astonishing"