Enforcing from within: Morgan Stanley proactively tackles compliant communications
American multinational investment firm, Morgan Stanley, has taken bold steps to prevent non-compliant communications by issuing employees with financial penalties.
Illicit comms: not just a few bad actors
As technology evolves, it's hard for firms to ensure compliant communications. But does banning certain apps lead to a rise in illicit comms?
SEC Marketing Rule: compliance and confusion
The SEC’s Marketing Rule came into force on November 4, 2022, making substantial amendments to Rule 206(4)-1. We look at how investment advisers can successfully demonstrate compliance despite its complexity.
New Year, New SRO: Canada’s new single self-regulatory organization
On January 1, 2023, Canada welcomes a new Canadian self-regulatory organization and a new Canadian Investor Protection Fund. We take a look at the details.
Helpful lessons from TSB’s £48 operational resilience fine
There's hidden gold in all enforcements. We take a look at regulatory lessons in light of a £48m fine for operational resilience failures.
When it comes to safety and privacy for electronic communications data, location is everything
Global Relay’s Senior Writer for Due Diligence, Vince Mendoza, reflects on the importance of location when storing electronic communications data.
U.S. DOJ tells firms “do not wait for us to call you” in compliance for personal communication
The Department of Justice has alluded to new rules around the use of personal communication devices, and points to senior manager involvement as an aggravating factor for non-compliance.
Q&A: How training and customer support enables confident compliance
As regulators push towards operational resilience and increased transparency, we take a look at the important role of training and customer support within Global Relay.
5 steps towards successful operational resilience
Over the last three years, volatile market events have brought operational resilience to the top of the regulatory agenda. We set out five steps towards operational excellence.
SEC will reward cooperation where firms “mess up” with unauthorized communication
SEC Chair, Gary Gensler has suggested that financial institutions “did not act as if they got the message” around unauthorized communications. Is the regulator changing its approach?
End of Transition Period for the New SEC Marketing Rule
As of November 4, 2022, SEC-registered firms must comply with all provisions of the new Marketing Rule. Read more on the substantive changes ahead.