Susannah Hammond

2024 isn’t even a month old and already two U.S. regulators have updated their expectations on communications compliance. Firms need to be under no illusions…

What does the fining of a major Wall Street firm for trade surveillance failures, the holding to personal account of the CEO of a UK…

Data protection is, and will remain, a key priority for regulated firms and regulators alike and is an even greater focus in Data Privacy Week. For…

The last couple of years have been full of headlines not only of firms being fined for failing to capture digital communications but also of…

U.S. Regulators Issue More Fines for Recordkeeping and Supervision FailuresThe U.S. National Futures Association (NFA) has issued two fines both for failing to comply with…

The SEC exam priorities for 2024 give an essential insight into likely practices, products, and services which will be the focus of the Division of Examinations in…

The U.S. Securities and Exchange Commission’s Risk Alert provides additional information regarding the Division of Examination’s risk-based approach for both selecting registered investment advisers to examine and…

The U.S. Securities and Exchange Commission (SEC) and the Commodity Trading Futures Commission (CFTC) have widened their investigations and fined another series of firms for…

for a ‘Failure to Record and Retain Electronic Trading Communications’The UK Office of Gas and Electricity Markets (Ofgem) has, for the first time, used its…

Regulators and policymakers around the world remain focused on culture and conduct risk. Indeed, Ian Johnston, Chief Executive of the Dubai Financial Services Authority, has…

Another $555m for 11 More InstitutionsThe U.S. regulators the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have, once again, fined…

The UK Financial Conduct Authority has published consultative guidance on how its financial promotion requirements apply to promotions on social media. By definition, all financial promotions…

In a panel at the FINRA annual conference in May, a segment was devoted to FINRA’s evolving examination focus on the use of text messaging…

The UK Financial Conduct Authority (FCA) has published a ten point checklist for firms to consider ahead of the Consumer Duty coming into force on July…

Regulators around the world already expect firms to have comprehensive policies and procedures for record keeping. That focus is set to increase as not only…

What do the chief executive of a US online store, the chief information officer at a UK bank and multiple senior employees at a US…

The U.S. Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) have fined three firms, two in the same group for ‘widespread…

The demise of multiple crypto firms has prompted regulators around the world to undertake in depth investigations into the governance, risk management and compliance arrangements…

The UK Prudential Regulation Authority has censured a bank for wide-ranging significant regulatory failings between December 2016 and May 2020, which spanned breaches relating to large…

When is a rocket ship not a rocket ship? When it is cited in a legal case alleging a firm and its control person violated U.S. securities…

Data protection is now more important than ever. Given the new ways of working and communicating there are increasing amounts of personally identifiable information (PII) and…

Regulatory Perspectives by Theta LakeThe last quarter of 2022 saw FINRA continue its focus on communications compliance. Four brokers and a compliance officer faced disciplinary…

Regulatory Perspectives From Theta LakeUK regulator fines a trio of brokers almost £5m for failing to have appropriate communications compliance processes in place to fulfil…