Published 2 years ago

SEC Charges 16 Wall Street Firms with Widespread Recordkeeping Failures

Summary by Ground News

The Securities and Exchange Commission said it has reached a settlement with 16 different Wall Street-based companies. The firms all exhibited patterns of routine off-channel communications through things like text messages on their personal devices. These communications, unlike say a work email, were not maintained or preserved, which is a violation of securities law.

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thelaundrynews.com

SEC Charges 16 Wall Street Firms with Widespread Recordkeeping Failures

Read here: https://www.sec.gov/news/press-release/2022-174?utm_medium=email&utm_source=govdelivery

2 years ago

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Accounting Today

Wall Street firms settle with SEC over electronic recordkeeping failures

The Securities and Exchange Commission has reached settlement with 16 Wall Street firms over failures to maintain and preserve electronic communications.

2 years ago

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