A Convoy Asset Management consultant was banned for life for his role in a stock manipulation scheme and for lying to the SFC.
March 5, 2023Wells Fargo said regulators are investigating its compliance with records-retention requirements. HSBC said it is close to a settlement with regulators.
February 23, 2023The SEC has asked firms including Point72 Asset Management and Citadel to search employees' personal devices for evidence of business dealings via unapproved channels.
February 8, 2023The penalties ranged from several thousand dollars for some staff to more than USD 1 million for others, cut from past bonuses or future pay.
January 27, 2023The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.
December 22, 2022The increased spending comes after multiple financial firms were fined for failing to monitor and keep records on employees’ communications via messaging apps.
December 3, 2022The SEC's probe into the use of personal devices and messaging apps has reportedly expanded beyond broker-dealers to include investment funds and advisers.
October 14, 2022The queries come after US regulators collected over $2bn in combined penalties from firms for failures to maintain, preserve, or produce staff communication records.
October 12, 2022The 16 firms agreed to pay a combined $1.82bn for failing to preserve staff communications on personal mobile devices, messaging apps and emails.
September 29, 2022In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.
June 2, 2022