The SEC has charged nine RIAs with breaching its Marketing Rule by advertising ‘hypothetical performance’ to the general public. With fines totalling $850,000 the regulator is making it clear that the answer to ‘are we compliant?’ should never be a hypothetical.
Author: Jay Hampshire
Goldman Sachs sacks four executives for serious violations of communications compliance policy
Goldman Sachs has terminated four executives, including its head of transaction banking, for “serious violations” of the firm’s communications policies and failure to cooperate with compliance teams.
Mythbusters
One of the keenest challenges compliance teams face is running into commonplace compliance myths, and dispelling disinformation so that teams get the message on how to communicate compliantly. With regulators taking an increasingly ‘zero-tolerance’ stance on non-compliance, and instances of personal fines for off-channel communications becoming more prevalent, organizations can’t risk believing the myths. One… Continue reading Mythbusters
Regulators throw the book at Goldman Sachs and Citigroup for recordkeeping failures
Enforcement actions from the SEC and CFTC against Citigroup and Goldman Sachs showcase that compliant recordkeeping is high on the regulatory agenda.
Ofgem’s £5.4 million fine shows Morgan Stanley still hasn’t gotten the message on compliant communications
With UK energy market regulator OFGEM fining Morgan Stanley £5.4 million for traders’ use of personal WhatsApp accounts for business, is it time for UK firms to get the message on communications compliance?
Culture Wars – Regulators take zero-tolerance stance on the culture behind non-compliance
High-profile enforcement actions by the CFTC and SEC against big name banks are proof that regulators see communications and recordkeeping breaches as a culture issue.
Compliance Podcast Series: Episode 5 – Stay Ahead of Regulations
Listen in to learn: In our five-part podcast series in partnership with the Compliance Podcast Network, we explore messaging compliance in a shifting regulatory landscape. Episode 5 – Stay Ahead of Regulations In the concluding chapter of our five-part series, Raewyn Danvers, Global Relay Sales Manager, Unified Communications, shares her insights into how industry professionals… Continue reading Compliance Podcast Series: Episode 5 – Stay Ahead of Regulations
Global Relay recognized in the Gartner® Hype Cycle™ for Data Security, and Hype Cycle™ for Storage and Data Protection Technologies, 2023
Global Relay has been recognized as a Sample Vendor in 2 Gartner Hype Cycle reports. We have been recognized for Digital Communication Governance in the Gartner Hype Cycle for Storage and Data Protection Technologies, 2023, as well as in the Hype Cycle for Data Security, 2023. Gartner Hype Cycle focuses on “emerging innovative storage and… Continue reading Global Relay recognized in the Gartner® Hype Cycle™ for Data Security, and Hype Cycle™ for Storage and Data Protection Technologies, 2023
Compliance Podcast Series: Episode 4 -Global Relay Industry Insights Report
Listen in to learn: In our five-part podcast series in partnership with the Compliance Podcast Network, we explore messaging compliance in a shifting regulatory landscape. Episode 4: Global Relay Industry Insights Report In part four of this five-part series, Jennie Clarke, Global Relay Head of Content, shares a preview of the findings and trends from… Continue reading Compliance Podcast Series: Episode 4 -Global Relay Industry Insights Report
Car Crash or New Superhighway? – AI, Audits, Accountability, and the FCA
In brief: In the age of ‘digital Darwinism’, adaptability is integral to survival, something especially true of regulation. With technology evolving rapidly, the burden is increasing on regulators to stay in step with innovation. From Artificial Intelligence (AI) to ephemeral messaging channels to cryptocurrency, regulators are having to act fast to ensure they have set… Continue reading Car Crash or New Superhighway? – AI, Audits, Accountability, and the FCA