News and Alerts Archives - Page 3 of 6

JPMorgan Bans Employees from Use of Certain AI Technology

News and Alerts Brief Introduction As compliance headaches continue to arise over the use of third-party communications software, JPMorgan joined other companies in banning the use of third-party AI […]

SEC Continues to Investigate Recordkeeping Practices

News & Alerts Brief Introduction It was announced that multiple Firms (Blackrock, Blackstone, Stifel, Citadel, Point72, Wells Fargo, SG Americas Securities) over the past weeks are […]

SEC May Change Climate Risk Disclosure Requirements | Industry Pushback

News & Alerts Brief Introduction In 2022, the SEC proposed new disclosure requirements related to climate change risk for firms. They argue that firms should be required to […]

Firm Fines Employees for Unauthorized Whatsapp Use

News & Alerts Brief Introduction A well known large firm recently issued fines of up to $1 Million to some of its employees for using unapproved mobile messaging […]

FINRA Releases 2023 Risk Monitoring Report | 4 Key Topics

News & Alerts Brief Introduction On January 10th, FINRA published a report for 2023 to help firms strengthen their compliance programs. The report covered twenty-four topics, with new topics […]

FINRA Fines Well Known Brokerage Firm $1.1 Million For Phone Record Failures

News & Alerts Brief Introduction FINRA fined a well known Brokerage Firm in December for failing to properly disclose their record keeping policies and promptly alert FINRA […]

SEC Chair Provides Comments on the SEC’s Agenda

Brief Introduction SEC Chair, Gary Gensler, made multiple comments during a 30-minute discussion with IAA CEO, Karen Barr, that gave insight into the SEC’s agenda for the industry’s regulatory environment. […]

Compliance Date Reminder | New SEC Rule 2a-5 on Good Faith Determination of Fair Valuation

Who Does This Rule Apply To? The New SEC Rule 2a-5 of the Investment Company Act of 1940 applies to all Registered Investment Companies & Business Development Companies […]

SEC Investor Alert | Social Media and Investment Fraud

Brief Introduction On Monday, August 29th, the SEC’s Office of Investor Education and Advocacy sent out an Investor Alert relating to Social Media and Investment Fraud. There was coverage […]

$200 Million Fine for Misuse of Personal Devices

Brief Introduction On July 14th, a well-known investment bank announced that it expects to pay a $200 million dollar fine because of its unapproved usage of […]

EXAMS Issues Reminder For The Marketing Rule Compliance Date

Brief Introduction On Monday, May 23rd, the Division of Examinations (“EXAMS”), sent out an email reminder to all SEC RIAs reminding them about the compliance date for […]

$200 Million Fine Over Employee Text Messages | News & Alerts

News & Alerts According to a Wall Street Journal article written on Monday, December 13th, a well known Investment Banking Company is working towards the […]