Category: RECORDKEEPING FAILURES

Recordkeeping Failures occur when organizations or individuals neglect to maintain accurate, complete, and up-to-date records of transactions, communications, or other critical information. These failures can lead to legal and regulatory compliance issues, financial discrepancies, operational inefficiencies, and increased vulnerability to fraud or misconduct. Without proper records, businesses may struggle with audit trails, transparency, and decision-making processes, potentially compromising their ability to demonstrate accountability and meet regulatory requirements. Effective recordkeeping is essential for ensuring transparency, maintaining trust with stakeholders, and mitigating risks associated with errors or misconduct.

SEC-PR-2024-44

File ID:  SEC-PR-2024-44 Date:  April 3, 2024 Accessed:  July 4, 2024 Headline:  Securities and Exchange Commission Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures Source:  https://www.sec.gov/newsroom/press-releases/2024-44 Categories: INVESTMENT ADVISORS PRESERVING ELECTRONIC COMMUNICATIONS RECORDKEEPING FAILURES UNAPPROVED COMMUNICATION METHODS SEC-PR-2024-44 – Viewer: ▼▼▼ (Download PDF File )

CFTC-PR-8880-24

File ID: CFTC-PR-8880-24 Date: March 19, 2024 Accessed: June 15, 2024 Headline:  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. Source:  https://www.cftc.gov/PressRoom/PressReleases/8880-24 Categories: INTRODUCING BROKERS RECORDKEEPING FAILURES SUPERVISION FAILURES SWAP DEALERS UNAPPROVED COMMUNICATION METHODS CFTC-PR-8880-24 – Viewer: ▼▼▼ […]

SEC-PR-2024-18

File ID: SEC-PR-2024-18 Date: February 9, 2024 Accessed: July 2, 2024 Headline:  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 penalty than other firms. Source: https://www.sec.gov/news/press-release/2024-18 Categories: RECORDKEEPING FAILURES PRESERVING ELECTRONIC COMMUNICATIONS SEC-PR-2024-18 – Viewer: […]