October 5, 2022
The SEC recently settled charges against 15 broker-dealers and one affiliated investment adviser (together, the Firms) for failure to maintain and preserve the employees’ electronic communications on their personal devices. The Firms admitted to the facts set forth in their respective SEC orders and agreed to retain compliance consultants to review their policies and procedures and pay combined civil penalties totaling over $1.1 billion.
For further information and observations regarding these enforcement actions, see S&K’s Client Alert, “SEC Charges Sixteen Firms for Recordkeeping Failures Related to Employee Use of Personal Devices,” here.
March 22, 2023
March 21, 2023
March 6, 2023
February 15, 2023
February 10, 2023
February 6, 2023
January 25, 2023
January 11, 2023
December 29, 2022
December 6, 2022
November 30, 2022
The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.
One Battery Park Plaza
New York, NY 10004
Phone (212) 574-1200
Fax (212) 480-8421
901 K Street, NW
Washington, DC 20001
Phone (202) 737-8833
Fax (212) 480-8421
Contact Us
General/Media Inquiries – info@sewkis.com
Legal Recruiting – recruiting@sewkis.com
Staff Recruiting – hr@sewkis.com
© 2023