Tag: recordkeeping violation

Off channel communications
Compliance Enforcement

Twenty-Six Firms to Pay More Than $390 Million Combined to Settle SEC’s Charges for Widespread Recordkeeping Failures

On August 14, 2024 the SEC announced settlements with  26 broker-dealers, investment advisers, and dual registrants for failures in maintaining and preserving electronic communications. Mark Astarita, a securities defense attorney with Sallah Astarita & Cox, LLC, commented, “We have been telling firms for over a year to review their policies […]