Financial Firms - Electronic Communications Compliance
We knew it wouldn't be long before regulatory agencies began to exercise their enforcement powers. COVID isn't under control, but after over two years of the pandemic, we've mostly learned to live with it. However, when it comes to their efforts to ramp up Electronic Communications compliance, the authorities appear to be in general agreement. Beware of financial organisations that do not track their employees' messages across all platforms. The authorities are on their way to get you. We already explored the developing storey of social media monitoring . There are murky waters there. There are still no guidelines in place. When it comes to posts made by and on behalf of their company, most organisations have appropriate control and compliance processes in place. Current policies, on the other hand, are grossly inadequate when it comes to outlining what a broker can say and do with their personal accounts on social media. The Securities and Exchange Commission (SEC) a...