Books and Records

'This is the new SEC hunting ground. And we all know why—because they can extract great revenues from it. And it’s an easy kill,' says ...

"Widespread and longstanding" e-communications retention failures result in SEC charges against 10 broker-dealers and a dual registrant

Like the SEC, the CFTC has now imposed over $1 billion in penalties for charges tied to offline communications violations

Commission staff uncovered Respondents’ misconduct after commencing a risk-based initiative to investigate the use of off-channel and unpreserved communications at broker-dealers

Messages sent through unapproved communications methods, such as WhatsApp and other unapproved applications on personal devices, were not monitored, subject to review or archived

You have until Oct. 10th to comment on the SEC's proposal directed at AI-related technology and conflicts involving IAs and B-Ds

Section 17(a)(1) of the Exchange Act and Section 204 of the Advisers Act authorize the Commission to issue rules requiring, respectively, broker-dealers and investment advisers, ...

Private fund advisers who hope the courts or voters will rescue them from an aggressive SEC are taking a big risk, compliance experts warned in ...

The Commission’s action would create two new rules—one for B-Ds and a second for advisers—plus revise each regime’s respective books and records rules to mandate ...

It’s a challenge that gnaws at compliance officers like a pesky summer insect buzzing around your head: ensuring that staff aren’t using so-called off-channel communications ...