Topic
Record Keeping
223 published works
FinReg + Policy Watch
Broker-Dealer Compliance With Revamped Recordkeeping Requirements Begins May 3, 2023; FINRA Publishes Chart of “Most Significant Changes”
By Nick Losurdo
Our client alert discuss the recent SEC amendments to Exchange Act Rule 17a-4 adopting new recordkeeping requirements for broker-dealers. Most notably, the SEC will no longer require broker-dealers to maintain records…
FinReg + Policy Watch
SEC and CFTC Send Powerful Message with $2 Billion in Fines Related to Social Media and Text Recordkeeping Lapses
By Nick Losurdo
Our recent client alert covers the recent recordkeeping fines from the SEC and CFTC. The post SEC and CFTC Send Powerful Message with $2 Billion in Fines Related to…
Hanzo Blog
Will Change in SEC Recordkeeping Requirement Make WORM format Obsolete?
By james-gillhanzo-co-jim-gill
In a recent update to Rule 17a-4, the Securities Exchange Commission (SEC) stepped fully into the 21st century by dropping the requirement that electronic records be stored in a “write…
Association Alert
Recent Changes in the Wisconsin Condominium Ownership Act that Affect Your Association: Record Keeping, Financial Records, Audits, and Website Requirements
In 2022, the Wisconsin legislature adopted additional provisions to the Condominium Ownership Act that affect all Wisconsin condominium associations. Because the new statutes require condominium associations to take affirmative action,…
The Long and Short of It
SEC Adopts Amendments to Electronic Recordkeeping Requirements for Broker-Dealers and Security-Based Swap Entities
The Amended Rules are Intended to be “More Technology Neutral” and Specifically Address Cloud Storage On October 12, 2022, the SEC adopted amendments to the electronic recordkeeping requirements under SEC…
Securities Litigation and Regulatory Enforcement
Financial Regulators Focus on Preservation of Ephemeral Messaging
Recent Enforcement Action The requirement that financial firms preserve books and records is nothing new. But how do such firms keep track of employees’ communications on applications like Signal or…
The Labor & Employment Law Blog
California Employment News: Best Practices for Maintaining Employee Records
By Lukas Clary, Ryan Abernethy
In this episode of California Employment News, Lukas Clary and Ryan Abernethy discuss best practices for employers to maintain employee records and the importance of record retention. Listen to this…
Data Protection Report
The aftermath of an incident – business considerations surrounding record-keeping
By Jeremie Wyatt (CA), John Cassell (CA), Sara A. Levine, QC (CA)
In our previous publication, we discussed the legal obligations and procedural considerations surrounding maintaining records of privacy incidents. While the specific obligations vary by jurisdiction, maintaining some form of a…
Enforcement Highlights
Ubiquitous Use of WhatsApp and Other Unrecorded Internal Communications Result in Substantial Penalties in Recent SEC, CFTC Actions
By Jim Lundy
The SEC has, for many years, used broker-dealer and associated persons’ failure to create and maintain books and records as a basis for the imposition of serious penalties. In recent…
Broker- Dealer Law Corner
The Very Pricey Real Estate At The Intersection Of The Old Books-And-Records Rule And The New Reality Of How People Communicate
By Alan Wolper, UB Greensfelder
Happy New Year! I hope you had an enjoyable holiday season. At least happier than that of JP Morgan Securities, which, right before Christmas, got to write checks to the…