Regulatory Wrap Episode #22: Social Media & Compliance, Exploring Fraudulent CEOs & Market Swings
In Regulatory Wrap for the week to March 8, Jennie Clarke asks a timely question: are you managing the risks social media poses to compliance?
What can financial services firms learn from the SEC’s X account hack?
With the Securities and Exchange Commission’s X account being hacked and used to share false information, what lessons can firms learn to minimize social media risk?
No policy? No problem – How to create proactive policies for IM and social media
When it comes to flourishing communication methods like social media and IM, choosing to ban platforms and steer away from creating policies could leave your organization vulnerable to substantial compliance violations. Mitigate regulatory risk and remain compliant by proactively implementing procedures and policies for emerging messaging channels sooner rather than later.
Compliance, communications, and compensation: DOJ’s ECCP follows the rhythm of regulatory action
The DOJ released its Evaluation of Corporate Compliance Program (ECCP) amendments in March 2023, which center around communication retention policies for personal devices and messaging applications, as well as compensation criteria in relation to compliance. Subsequent guidelines and enforcements have proved these notions still remain at the front of regulators’ minds.