Social Media and Regulation: Where Do We Go From Here?

Fascinating testimony by Facebook CEO Mark Zuckerberg before Congress this week, touching upon a variety of topics where social media and government potentially collide, and raising a number of interesting questions including: – Is Facebook too powerful? – Can Facebook (and other tech firms) be expected to regulate themselves? – What impact should social media […]

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Regulatory Updates: Firm fined $1.3 million for supervision failures

The SEC and FINRA recently fined a brokerage firm $1.3 million for failing to supervise suspicious penny stock transactions. Last month, FINRA fined a firm $550,000 for “failing to have adequate supervisory and anti-money laundering (AML) programs tailored to detect ‘red flags’ or suspicious activity connected to its sale of low-priced securities”. Further, the SEC […]

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GDPR and Rogue Whistleblowers – Who is the Data Processor?

Several organisations have considered the effect of GDPR in the context of whistle-blowing and the steps required to investigate claims, but what are the implications when a whistleblower doesn’t follow set procedures and decides to take matters into their own hands? Under GDPR the responsibilities of data processors has been expanded. Previously, the Data Protection […]

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Facebook, Cambridge Analytica and the Privacy of Your Data

You’ve just finished your 23rd GDPR article today and are now completely convinced that the world is not ready for the EU’s General Data Protection Regulation (GDPR). Having accepted that reality, you now return to your day job only to be welcomed by the latest data privacy saga: Facebook and Cambridge Analytica. While much will continue […]

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Communications Compliance Review in 2018: What All Firms Can Learn from Financial Services

The review of employee communications for possible compliance policy violations has never been more important – and more complex. The complexity is being driven by the adoption of new communications tools that offer richer, more dynamic, and more effective means of collaborating with embedded voice, messaging, and app sharing capabilities. The days of attempting to […]

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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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Actiance & Hootsuite Webinar Recap: What Social Communications Should I Capture and Retain?

Great discussion this last week with Amy McIlwain, Financial Industry Principal at Hootsuite. Thank you to those who joined us, for those that didn’t, you can find the link to the recording here. The webinar highlighted the power of our partnership – encompassing how financial services firms can use social media to deepen engagement with […]

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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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SEC Reveals 2018 OCIE Exam Priorities

The Securities and Exchange Commission (SEC) Office of Compliance Inspections and Examinations (OCIE) recently published its 2018 examination priorities letter. The priorities reflect certain practices and products the examiners believe may present potentially heightened risk to investors or the integrity of the U.S. capital markets. This year’s examination priorities are organized around five themes: (1) […]

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