SEC leadership outlines a pivoting path of regulation and enforcement
At an SEC event, several Commission leaders shared their views on altering regulation going forward, with focuses on pro-innovation policies, crypto rulemaking, and reduction of the regulatory burden. What does this move toward deregulation mean for firms?
Social media as a risk for financial services
Financial services face four key challenges with the emergence of social media channels use for business communications, Global Relay's Director of Regulatory Intelligence, Rob Mason, and Head of Content, Jennifer Clarke note these as: market risk, advertising risk, recordkeeping risk, and consumer harm.
Another one bites the dust as Coinbase Global suffers major data breach
Coinbase Global is the latest case in an onslaught of data breaches this year. As cyberthreats grow more complex, firms must look to prioritize data security to ensure their systems are impenetrable, and any risk is flagged immediately.
Is recordkeeping the key to managing personal regulatory risk?
Firms need strong recordkeeping to manage personal regulatory risk and meet growing accountability demands. Clear documentation helps prove compliance and shields managers from liability.
Surveillance Snippets: Is evolving technology the answer to all surveillance questions?
By establishing a well-nourished surveillance system early on, firms can reap invaluable benefits later, such as avoiding steep regulatory fines and boosting operational efficiencies.
DOJ reforms self-disclosure approach with new corporate enforcement plan
The DOJ has altered its corporate enforcement policy to simplify investigations and amplify the benefits firms can receive by self-reporting, fully cooperating, and effectively remediating misconduct.
Is FINRA focusing on fairness by reducing HSP compliance burdens?
The SEC's January 2025 settlements for off-channel comms violations introduced lighter compliance terms, creating a divergence between earlier enforcement actions that imposed stricter membership oversight requirements on FINRA firms. After the SEC's rejection of a petition to review the pre-2025 settlements, FINRA is now looking to level the field by easing collateral consequences.
Surveillance Snippets: Surveil now to save later – why should firms invest anyway?
By establishing a well-nourished surveillance system early on, firms can reap invaluable benefits later, such as avoiding steep regulatory fines and boosting operational efficiencies.
Regulatory Wrap Episode 59: SEC cracks down on settlor’s remorse
In Regulatory Wrap for the week to April 18, Kathryn Fallah unpacks what the SEC deems a case of “settlor’s remorse” following a request by 16 firms to amend off-channel communications settlements.
Regulatory Wrap Episode 58: Oracle Cloud breach calls for a cybersecurity wake-up call
In Regulatory Wrap for the week to April 11, Ryan Sheridan discusses the alleged Oracle Cloud data breach that affected over 140,000 customers.
FCA encourages AI innovation as industry views on evolving technology shift
The FCA – alongside other regulators – has encouraged AI innovation in business workflows to support growth, while also urging firms to continue prioritizing responsible use through strong security frameworks.