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$63.1 Million in Penalties for Recordkeeping Failures (12 Firms Charged)
SEC RELEASES Introduction The SEC continues to investigate and charge Firms that fail to meet regulatory requirements around recordkeeping. On January 13, 2025, nine (9) […]
Read More3 SEC Charges | Marketing Rule, Recordkeeping, and Custody Rule
SEC RELEASES Introduction September 3rd, 2024 was a busy day for SEC Enforcement. There were Recordkeeping failures amongst six Credit Rating Agencies that saw more […]
Read More26 Firms Fined $392 Million | Recordkeeping Failures
SEC Releases Introduction On August 14th, 2024, nearly $400 million in charges were filed against twenty-six (26) Firms by the SEC for widespread recordkeeping failures. Recordkeeping failures have continued to be a top […]
Read MoreRecordkeeping and Code of Ethics Failures | $6.5 Million RIA Fine
SEC RELEASES Introduction On April 3rd, the SEC announced charges against a Registered Investment Adviser (“RIA”) for “widespread and longstanding failures” regarding the recordkeeping of […]
Read MoreImportance of a Strong Culture of Compliance | Chelsea Bosiljevac Insights
Vigilant Insights Introduction The most recent SEC enforcement involving recordkeeping and off-channel communications reinforces our opinion that there will be no slowing down for the Agency when it comes to electronic recordkeeping […]
Read More$81 Million Fines for Recordkeeping Failures (RIAs/BDs)
SEC Releases Introduction The SEC just announced that sixteen (16) Firms have been penalized $81 Million for widespread and longstanding recordkeeping failures. The types of Firms charged were: Affiliated Investment […]
Read More10 Firms Charged $79 Million for Recordkeeping Failures
SEC Releases Brief Introduction The SEC announced multiple charges on Friday, September 29th, for violations of recordkeeping requirements. The following type of Firms below were charged: 5 Broker […]
Read More11 Firms Charged by the SEC for Recordkeeping Failures
SEC Releases Brief Introduction On Tuesday, August 8th, the SEC announced that there have been 11 Wall Street Firms charged with widespread recordkeeping failures totaling combined penalties […]
Read MoreSEC Continues Heightened Focus on Recordkeeping Failures
SEC Releases Brief Introduction On May 11th, two Broker Dealer Firms were charged by the SEC for “widespread and longstanding failures” relating to SEC recordkeeping requirements, specifically […]
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