Tag: recordkeeping

Preserve eComms or pay the price: The SEC’s 2024 focus on...

The SEC and CFTC have charged multiple Wall Street firms with widespread recordkeeping failures, imposing staggering penalties exceeding $2.5bn.

Unveiling the cost of non-compliance: 16 firms hit with $81m in...

In a significant move underscoring the persistent focus on regulatory compliance within the financial sector, the Securities and Exchange Commission (SEC) has once again...

FinTech firms face hefty fines for communication and recordkeeping lapses

US regulators have imposed significant fines on financial services firms for non-compliance with communication recordkeeping obligations.

Recordkeeping, regulations and consolidation: the RegTech trends that stood out in...

In 2023, new technologies entered the market that brought new challenges for financial services firms to remain compliant, RegTech was given the opportunity to provide the solutions necessary to fix this issue. Whilst the industry may be still relatively unknown beyond the shores of finance, its importance cannot be understated.  

SEC’s 2024 exam priorities: Spotlight on compliance and recordkeeping practices

The SEC exam priorities for 2024 underscore the importance of compliance and recordkeeping within financial services. The focus will be on practices and products...

Recordkeeping enforcement reaches brokers, advisors and credit rating agencies

The wave of recordkeeping enforcement actions in the finance sector has now expanded to brokers, investment advisers, and credit rating agencies. Leading this charge are the U.S. Securities and Exchange Commission (SEC) and the Commodity Trading Futures Commission (CFTC).

Millennium Trust acquires InspiraFS from ADG Capital

Millennium Trust Company has acquired retirement plan recordkeeping solution provider InspiraFS from ADG Capital.

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