Regulatory Perspectives

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 results are in Theta Lake is delighted to unveil its 2023/24 Digital Communications Governance, Compliance and Security Report. In its fifth year, this unique industry…

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…

Managing the Electronic Communications Vibe Shift: Practical Guidance for Collaboration Platform Compliance.

The UK Office of Gas and Electricity Markets (Ofgem) has, for the first time, used its powers to fine a firm over £5.4m for failure to record…

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…

The U.S. regulators the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have, once again, fined a raft of firms for…

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 should…

Artificial intelligence or AI and its new, generative, iteration has hit the headlines. Depending on where you look the likes of ChatGPT is either going…

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 31,…

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…

Spring 2023 has seen a busy conference season with financial services practitioners getting together to discuss current compliance and security challenges. Theta Lake’s experts presented…

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 exposure…

As part of our support for customers adopting the new "audit trail" standard for electronic recordkeeping under the SEC's modernized Rule 17a-4, Theta Lake has…

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…

In late-2022, the Financial Conduct Authority and Prudential Regulation Authority (the “Regulators”) jointly issued Discussion Paper DP5/22 (the “Paper”) soliciting feedback on the use of artificial…

At a Glance Both the SEC and FINRA have announced their examination priorities for 2023 giving investment advisers and broker dealers important insight into the areas to include in…

Given the new ways of working and communicating there are increasing amounts of personally identifiable information and personal health information data shared across communication platforms…

The last quarter of 2022 saw FINRA continue its focus on communications compliance. Four brokers and a compliance officer faced disciplinary action for a range…

UK regulator fined a trio of brokers almost £5m for failing to have appropriate communications compliance processes in place to fulfill market abuse obligations.

U.S. SEC replaced its antiquated “non-erasable, non-rewritable” electronic recordkeeping requirement in place since the late-90s with a technology-neutral approach centered around audit trail data, which…

The report is based on the views and experiences of more than 500 compliance and security professionals from the heavily-regulated financial services, healthcare and government…

Among other things the clear need for effective policies and procedures governing the use of personal devices and third-party messaging platforms to ensure that business-related…

New electronic communications recording, disclosure, and oversight rules from the Centers for Medicare & Medicaid Services (“CMS”), effective 1 October 2022, highlight the heightened scrutiny…