22.6 million business-related e-comms were left unpreserved, and 521,000 messages unreviewed, due to technical and policy failures.
SEA 1934 Rule 17(a)
Two former executives were fined, but the company itself will not receive a civil penalty due to its self-reporting.
The SEC's orders allege that the broker-dealers omitted key details in their SAR narratives.
The charges relate to off-channel communications and related supervisory failures.
Case brought over failure to file any SARs for over three years.
Disciplinary decisions issued November 10 – 16, 2023.
Disciplinary decisions issued October 20 – 26, 2023.
Disciplinary decisions issued September 15 – 21, 2023.