Reconciling Recordkeeping Requirements Against the Prudence of Data Remediation -
As we have covered in previous alerts, the SEC and other regulators have intensified their scrutiny of the retention of electronic...more
The SEC and CFTC settlements with HSBC and Scotia Capital come after years of federal regulators’ and prosecutors’ steadily increasing scrutiny of off-channel communications. Anchoring these settlements are long-standing...more
5/24/2023
/ Amended Rules ,
Books & Records ,
CFTC ,
Compliance ,
Data Preservation ,
Department of Justice (DOJ) ,
Discovery ,
Electronic Communications ,
Employment Policies ,
Enforcement Actions ,
Instant Messaging Apps ,
Mobile Devices ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC)
An investment management company was recently hit with $200 million in fines for failing to track employees’ use of personal messaging apps, which resulted in the loss of communications that were subject to regulatory...more
2/11/2022
/ Broker-Dealer ,
Compliance ,
Data Retention ,
Electronic Communications ,
Employer Liability Issues ,
Enforcement Actions ,
Instant Messaging Apps ,
Investment Management ,
Litigation Hold ,
Policies and Procedures ,
Record Retention ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act