Recordkeeping fines and actions
A list of the institutions fined for recordkeeping failures involving at least some combination of texts, WhatsApp messages, and audio files, if not other communications formats, since September 2020.
Overview
Notable
Latest News
Further Reading
Notable
16 firms agree to settle charges for off-channel comms recordkeeping lapses
More fines have been issued by the SEC for failure to preserve electronic communications.
Eleven firms fined $711m for "evasive communications" practices
The CFTC has fined 11 Wall Street firms $711m for recordkeeping failures. Violations “well known” within firms.
Latest News
More on FINRA Rule 4511
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FINRA disciplinary action update 2025/41
Disciplinary decisions issued November 1 – 7, 2025.
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FINRA fine on broker-dealer spotlights supervisory controls
The broker-dealer was cited for compliance violations, including failures related to Reg BI, email retention, and the supervision of outside business activities.
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FINRA disciplinary action update 2025/39
Disciplinary decisions issued October 18 – 24, 2025.
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FINRA disciplinary action update 2025/38
Disciplinary decisions issued October 11 – 17, 2025.
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FINRA disciplinary action update 2025/37
Disciplinary decisions issued October 4 – 10, 2025.
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FINRA disciplinary action update 2025/37
Disciplinary decisions issued October 4 – 10, 2025.
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FINRA fines Ally Invest $850k for recordkeeping failures
22.6 million business-related e-comms were left unpreserved, and 521,000 messages unreviewed, due to technical and policy failures.
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FINRA disciplinary action update 2025/36
Disciplinary decisions issued September 27 – 3 October, 2025.
