CFTC Forms Cybersecurity and Emerging Technologies Task Force
The Commodity Futures Trading Commission (CFTC) has announced
the establishment of a dedicated task force known as the Cybersecurity and Emerging Technologies Task Force within its Division of Enforcement. This task force has been created to address the critical concerns surrounding cybersecurity and emerging technologies, including artificial intelligence.
The CFTC recognizes the need to be...
Compliance Solution: Buy vs. Build
White PaperCompliance Solution: Buy vs. BuildMaking the right decision for your communications compliance Financial services firms find themselves at a collision point, where there’s widespread acceptance of new communication channels (like mobile apps) and a sharp uptick of regulatory enforcement actions and fine amounts.
Compliance and IT leaders must work together to update their compl...
Regulatory Risk Alert: The SEC Proposed Conflicts of Interest Rule
SEC Proposed Rule: Conflicts of Interest Associated with the Use of Predictive Data Analytics by Broker-Dealers and Investment Advisers (“Conflicts of Interest Rule”)
In an ever-evolving financial landscape, the Securities and Exchange Commission (SEC) has proposed new rules to tackle conflicts of interest arising from the use of cutting-edge technologies by broker-dealers and inve...
Video & Voice Surveillance Deep Dive
ReportVideo and Voice SurveillanceHow much is enough, and have banks got it wrong?Does your bank ensure its video and voice surveillance processes achieve the right balance between risk mitigation, compliance, and cost? At 1LoD’s Video and Voice Surveillance Deep Dive, leaders discussed why this balance is so important, the relative lack of current regulatory guidance and the pitfalls of focusin...
Regulatory Best Practices in Mobile Communications
In today’s digital age, financial services firms
are increasingly looking to mobile communication tools—such as text messaging, WhatsApp
, Slack, WeChat
and Telegram—for internal communication and to engage with clients. But such communications create a new source of regulatory risk if recordkeeping and supervisory obligations are not met.
In our recent webinar, ...
Regulatory Updates For 2Q23: Benefits of Self-Reporting for Firms and Individuals
In this regulatory roundup, we focus heavily on self-reporting and how financial firms that voluntarily report electronic communications and recordkeeping violations may receive favorable fines from regulatory bodies such as the SEC.
Self-remediating and self-reporting The SEC fined a large firm $15 million for widespread and longstanding failures by the firm and its employees to maintain and pr...
Employee or Corporate-Owned Devices: The Tough Choice for Organizations in Regulated Industries
Contributing authors: Blane Warrene, VP, Product Management and Fi Pickul, Sr. Product Marketing Manager
Mobile devices are an integral part of our lives, offering instant communication, convenience and accessibility for users. This is becoming just as true in our professional lives. Calls, texts and messages on platforms like Microsoft Teams or WhatsApp have become an inherent part of our w...
Digital Communications Compliance: Predictions for the 2nd Half of 2023
June 30, 2023, marked the end of an unprecedented year in digital communications. We’ve witnessed a slew of 37 new or updated rules
, the implementation of the SEC 17a-4 recordkeeping update, a Marketing Rule update and a cyber rule (Rule 10) that will impact the industry well into the future. Meanwhile, we also have seen the unfettered explosion of ChatGPT and similar large language model...
7 Steps to Effective Vendor Risk Management
Guide7 Steps to Effective Vendor Risk Management Business dependence on the third-party supply chain ecosystem has never been more complex. As client, market, and regulatory pressures increase, the risks associated with widespread reliance on third-party vendors compound.
In this guide, you’ll learn how supply chain risk can come in many forms, such as:
Cybersecurity
Data privacy...
Protect Investors and Ensure Compliance: Guiding Principles for Cybersecurity
In a recent address by Gurbir Grewal, the Director of Enforcement at the U.S. Securities and Exchange Commission (SEC), he outlined five guiding principles
for cybersecurity and disclosure. These principles emphasize the SEC's commitment to safeguarding the investing public as potential victims and highlight the importance of cyber compliance. While these regulations are still in progress, fina...
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