SEA 1934 Rule 17a-4(b)(4)
-
FINRA cites ex-Schwab rep for hiding profit-sharing agreement on unapproved comms
Rep allegedly exchanged thousands of text messages and emails with customer he had a profit-sharing agreement with, using personal mobile device.
-
FINRA seeks public comment on the operations of modern workplaces
FINRA identified the modern workplace as an initial area of focus for its latest review, asking for specific comments from member firms.
-
SEC still live and kicking as 12 firms fined combined $63m+ in recordkeeping failure charges
Each firm used unapproved communication methods, or off-channel communications, to send and receive messages that were required to be maintained under the securities laws, the SEC said.
-
FINRA disciplinary action update #30
Disciplinary decisions issued September 15 – 21, 2023.
-
SEC says JPMorgan mistakenly deleted 47 million emails
JPMorgan must pay a $4m penalty for mistakenly deleting emails, some of which had subsequently been requested in regulatory investigations.
-
HSBC and Scotia Capital charged for off-channel comms recordkeeping failures
SEC and CFTC charge HSBC and Scotia Capital with recordkeeping failures using off-channel comms.
-
FINRA disciplinary action update #6
Disciplinary decisions issued March 24 – 30, 2023.
-
FINRA member firm fined $1.5m over business comms failings
Examples include breaches over recordkeeping, supervision of personal messaging and conflicts of interest.