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Atom Investors dinged for ecomms recordkeeping lapses, but no fine imposed

Image of a man in a suit at a table with his mobile phone.
Photo: Sean Gallup/Getty Images

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.

Registered investment advisor Atom Investors LP based in Texas has avoided a penalty by the SEC despite violating recordkeeping rules with its electronic communication practices.

The SEC alleges that Atom failed to maintain and preserve records of communications on off-channel platforms for more than three years, but only discovered its