Regulatory Update: Former Equifax CIO Charged with Insider Trading – Texting at the Center of the Charges

The text message from the former Equifax CIO was a red flag: “Sounds bad. We may be the one breached.” Federal prosecutors charged a former Equifax chief information officer (CIO) with insider trading, for selling nearly $1 million in company stock before the public disclosure of the Equifax data breach. The former CIO of a […]

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Regulatory Updates: Enforcement is Heating Up Across the Regulatory Landscape

Last month, the SEC and FINRA fined several firms for failure to establish reasonably designed supervision programs to ensure compliance with applicable securities laws and regulations. Individuals were also fined for failing to comply with securities laws and regulations pertaining to electronic communications. The SEC penalized a bank $3.7 million for failing to reasonably supervise […]

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The Preferential Effects of Millennials on Financial Services Communications

In this article, originally published by MoneyInc, Smarsh Chief Evangelist Mike Pagani explains the important effects that the Millennial generation is having on business communications practices for financial firms and impacts on compliance. Download the full article here. Members of the Millennial Generation, born between 1980 and 2000, have become an increasingly important customer demographic […]

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Noteworthy Takeaways from FINRA’s 2018 Priorities Letter

FINRA marked the new year by releasing the annual Regulatory and Examination Priorities Letter, identifying areas the regulator will focus on in 2018. While the letter includes new topics and ongoing areas of focus, supervision is a common theme emphasized throughout the 2018 letter. A nice feature to this year’s Letter is a list of […]

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Regulatory Updates: FINRA Fines a Brokerage Firm $2 Million for Email Review Violations, and more Electronic Communication Sanctions in 2018

It’s a new year, and there’s no sign that regulators will be slowing down their review and enforcement actions. Now more than ever, regulators are penalizing firms for non-compliance of retention and supervision obligations. “Firms have a clear obligation to reasonably supervise electronic communications, which includes periodically re-evaluating the effectiveness of existing procedures” said Susan […]

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5 Steps For Healthcare Compliance
Healthcare Compliance

Despite the advances in technology, many healthcare firms are still heavily reliant on manual processes to adhere to healthcare compliance regulations. As a result, about 56 percent of all healthcare expenses go to paying healthcare worker wages. However, healthcare firms are beginning to integrate more modern tools like digital records management solutions. To engage with […]

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5 Ways For Healthcare Firms To Mitigate Health Care Compliance Risk

For healthcare firms, the rapid adoption of these new communications and social channels has left them vulnerable to non-compliance with industry regulations, litigation and the increased threat of security breach and data leakage. The financial implications of these, combined with the loss of brand equity could be devastating for any firm. This is why providers […]

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Recordkeeping Compliance With Healthcare Regulations: HIPAA, HITECH, ACA

HIPAA, HITECH and ACA regulations are a major concern for organizations operating in the healthcare industry. As a highly regulated industry, organizations need to ensure compliance with industry regulations – failure to do so could lead to substantial fines being levied and negative publicity that could hurt the brand reputation and ultimately bottom lines. Therefore, organizations […]

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3 Best Practices For EHR Compliance

Sweeping regulatory change is challenging the healthcare industry with Health Information Technology (HIT) and Electronic Health Records (EHR). Specifically, EHR compliance regulations make it imperative that healthcare organizations adapt quickly to remain competitive and remain clear of a regulatory nightmare. Against this landscape, a priority for the healthcare industry is the improvement of patient care and patient satisfaction while […]

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Wall Street Regulator (FINRA): Procedures, Recordkeeping, Education Key For Compliant Social Media

At a recent event, Al Raymond, SVP, Head of U.S. Privacy & Social Media Compliance, TD Bank asked Amy Sochard, Senior Director, Advertising Regulation, Financial Industry Regulatory Authority (FINRA), how financial services firms could use social media and stay compliant with industry rules and regulations. This is an edited version of that conversation. Raymond: What guidance has […]

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