Category: Electronic Communications

Regulatory authorities typically require entities to preserve Electronic Communications for specified periods to ensure compliance with legal and regulatory standards. These requirements encompass various facets: retention duration, which varies based on jurisdiction and the type of communication (e.g., financial transactions, customer interactions); integrity and accessibility of stored data, ensuring it remains unaltered and readily retrievable for audit or investigative purposes; security measures to protect against unauthorized access or tampering; and adherence to specific formats or metadata inclusion to facilitate audit trails. Compliance often necessitates robust data management policies and systems capable of archiving, indexing, and retrieving electronic communications promptly upon request, ensuring transparency and accountability in regulated industries such as finance, healthcare, and telecommunications.

CFTC-PR-8944-24

CFTC-PR-8944-24 (Aug. 14, 2024) CFTC Orders TD Bank to Pay $4 Million for Supervision Failures Impacting its Electronic Communications Surveillance System Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a registered swap dealer, for failing to diligently supervise activities related to its […]

SEC-PR-2024-44

SEC-PR-2024-44 (APR. 3, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-44 Download: SEC-PR-2024-44 ⊗ (PDF) PRESS RELEASE | 2024-44 SEC Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures Washington D.C., April 3, 2024 — The Securities and Exchange Commission today announced charges against registered investment adviser Senvest Management LLC for widespread and longstanding failures to maintain and preserve […]

SEC-PR-2024-18

SEC-PR-2024-18 (FEB. 9, 2024) Source: https://www.sec.gov/newsroom/press-releases/2024-18 Download: SEC-PR-2024-18 ⊗ (PDF) PRESS RELEASE | 2024-18 Sixteen Firms to Pay More Than $81 Million Combined to Settle Charges for Widespread Recordkeeping Failures. The Huntington Investment Company self-reported and was ordered to pay lower civil penalties than other firms Washington D.C., Feb. 9, 2024 — The Securities and […]