Category: Unapproved Communications

Unapproved Communications Methods with regulatory agencies refer to any means of interaction or information exchange that deviate from established protocols or guidelines set forth by regulatory bodies. This can include informal conversations, emails, or meetings that occur without proper documentation, review, or adherence to regulatory compliance standards. Such methods can pose significant risks, including the potential for misinformation, lack of transparency, and non-compliance with regulatory requirements. To mitigate these risks, organizations must strictly adhere to approved channels of communication and ensure all interactions are appropriately documented and reviewed to maintain regulatory integrity and transparency.

CFTC-PR-8945-24

CFTC-PR-8945-24 (Aug. 14, 2024) CFTC Orders Truist Bank to Pay $3 Million Penalty and Remediate Recordkeeping and Supervision Failures Relating to Widespread Use of Unapproved Communications Methods. Truist Receives Substantially Reduced Penalty for Self-Reporting to the Division of Enforcement Washington, D.C. — The Commodity Futures Trading Commission today issued an order simultaneously filing and settling charges against […]

CFTC-PR-8943-24

CFTC-PR-8943-24 (Aug. 14, 2024) CFTC Orders TD Bank and Cowen to Pay Civil Monetary Penalties for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Washington, D.C. — The Commodity Futures Trading Commission today issued two orders simultaneously filing and settling charges against The Toronto Dominion Bank (TD Bank), a swap dealer, and against Cowen and Company (Cowen), […]

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 […]

CFTC-PR-8880-24

CFTC-PR-8880-24 CFTC Orders U.S. Bank to Pay $6 Million and Oppenheimer to Pay $1 Million for Recordkeeping and Supervision Failures for Firm-Wide Use of Unapproved Communication Methods Date: Mar. 19, 2024 Date Accessed: Aug. 1, 2024 Source URL:  https://www.cftc.gov/PressRoom/PressReleases/8880-24 Categories: CFTC-2403 Introducing Brokers Recordkeeping Failures Supervision Failures Swap Dealers Unapproved Communications OPPENHEIMER & CO. INC. […]