Topic
Record Keeping
223 published works
The Securities Law Blog
SEC Charges Six Credit Rating Agencies with Significant Recordkeeping Failures
The Securities and Exchange Commission today announced charges against six nationally recognized statistical rating organizations, or NRSROs, for significant failures by the firms and their personnel to maintain and preserve…
The CLS Blue Sky Blog
SEC Hits Dozens of Firms With $390 Million Penalty for Recordkeeping Failures
By Securities, Exchange Commission
The Securities and Exchange Commission on August 14 announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and…
The Securities Law Blog
Twenty-Six Firms to Pay More Than $390 Million Combined to Settle SEC’s Charges for Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against 26 broker-dealers, investment advisers, and dually-registered broker-dealers and investment advisers for widespread and longstanding failures by the firms and their personnel…
Global Trade Law Blog
SoL Long to Short Limits: The Sequel — A Decade of Recordkeeping and Enforcement
By A. Joseph Jay, III, Julien Blanquart, Elisavet Papathanasiou, Lisa Mays
On July 22, 2024, the Department of Treasury, Office of Foreign Assets Control (OFAC) announced a significant planned extension to its recordkeeping requirements, which will increase the retention period from…
Valuation Litigation & Shareholder Rights Blog
Shareholder Rights Amidst SEC Record-keeping Sanctions
The SEC’s Costly Crackdown on Firms In April 2024, SEC Deputy Director Sanjay Wadhwa updated the investor community on the SEC’s record-keeping enforcement initiative against broker-dealers and investment advisors. The…
Compliance Building
Off-Channel Communications Enforcement Comes to Private Funds
Over the past 2.5 years the Securities and Exchange Commission has charged 60 investment advisory firms and broker-dealers with violations of the record-keeping requirements and collected penalties approaching $2 billion.…
Knowledge Centre
Sponsor Duties: A Guide to Record Keeping and Compliance
By Annie Ee
Navigating the intricacies of sponsorship obligations can be a daunting task for businesses and organisations alike. Among the myriad of responsibilities, one duty stands out: record keeping. As a licensed…
Consumer Financial Services Law Monitor
FTC Announces Amendments to Telemarketing Sales Rule
By Brooke Conkle, Clayton Friedman, Ethan G. Ostroff, Alan D. Wingfield, Chris Capurso
On March 7, the Federal Trade Commission (FTC) announced a final rule updating recordkeeping requirements and extending the protections against misrepresentations of the Telemarketing Sales Rule (TSR) to businesses (Final…
All About Advertising Law
FTC Piles on Additional Recordkeeping Requirements and Business-to-Business Protections
By Leonard L. Gordon, Jay Prapaisilp
The Rule-A-Palooza continues at the FTC. On March 7, 2024, the Federal Trade Commission (FTC) released a Final Rule that updates the recordkeeping requirements under the Telemarketing Sales Rule (TSR).…
The Securities Law Blog
Sixteen Firms to Pay More Than $81 Million Combined to Settle Charges for Widespread Recordkeeping Failures
The Securities and Exchange Commission today announced charges against five broker-dealers, seven dually registered broker-dealers and investment advisers, and four affiliated investment advisers for widespread and longstanding failures by the…