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…
Marc GilmanApril 13, 2023
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…
Marc GilmanMarch 22, 2023
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…
Marc GilmanNovember 1, 2022
Marc Gilman, general counsel of Theta Lake, outlines takeaways from SEC and CFTC orders imposing $1.8 billion in fines against over two dozen Wall…
Marc GilmanOctober 5, 2022
FINRA's annual Report on its Examination and Risk Monitoring Program was released in February 2022 and marks the second year of the revised format, which…
Marc GilmanMay 16, 2022
Customer protection and modernization are at the top of the Securities and Exchange Commission’s (SEC) agenda for 2022 and beyond. With the COVID-19 pandemic’s impact…
Marc GilmanMarch 16, 2022
The movement to remote work during the early days of the COVID-19 pandemic was swift and sweeping. For regulated financial services firms, the migration to…
Marc GilmanDecember 9, 2021
As summer approaches and COVID-19 vaccination rates rise, organizations have signaled they will gradually move staff back into offices in an attempt to return to…
Marc GilmanSeptember 10, 2021
Industry specialists discuss challenge of security and compliance in a hybrid working world Since the mass shift to remote working last March, organisations have been faced with…
Marc GilmanAugust 24, 2021
Technology plays a huge role in nearly every aspect of financial services today. As the world moved online, tools and infrastructure to help people manage their…
Marc GilmanJuly 13, 2021
Collaboration Platforms Require Governments to Record Video, Audio, Chat and More The continued reliance on digital chat platforms is causing small and local governments to…
Marc GilmanJuly 1, 2021
Marc Gilman | June 24, 2021 Collaboration tools like Zoom, Cisco Webex and Microsoft Teams are solidifying their place as the foundation for remote…
Marc GilmanJune 24, 2021
A recent $3 million cybersecurity consent order issued by the New York Department of Financial Services provides valuable lessons on how financial service firms—even those…
Marc GilmanMay 11, 2021
Marc Gilman and Cheree Johnson had to rely on outside counsel and their peer groups to learn about different legal fields when they took up…
Marc GilmanApril 12, 2021
In the last few years, cybersecurity, with an emphasis on protection of customer data, has topped the exam priorities and risk alerts of both the…
Marc GilmanApril 6, 2021
With every opportunity digital technology has provided to banks, customers and counterparties, it has also altered existing risks and often introduced new ones. While digital…
Marc GilmanMarch 25, 2021
The COVID-19 pandemic has proved disruptive to nearly every industry and organization, including financial services regulators. Case in point. The Financial Regulatory Authority (FINRA) typically…
Marc GilmanMarch 11, 2021
Organizations must fully understand the regulatory guidance on collaboration security and privacy so they can continue to implement and expand their use of tools such…
Marc GilmanJanuary 15, 2021
Insurance regulators are being confronted with rapidly expanding amounts of data that they must sift through to validate compliance with relevant rules and examine to…
Marc GilmanJanuary 7, 2021
General counsel in the United States should be keeping an eye on the European Union’s newly proposed Digital Services Act and Digital Markets Act to see…
Marc GilmanDecember 21, 2020
The Commodity Futures Trading Commission’s recent guidance on cooperation credit seeks to spur more firms to self-report potential violations. Marc Gilman, general counsel at security…
Marc GilmanNovember 23, 2020
With the wave of new regulatory technology hitting the financial services industry, SIFMA RegTech 2020 covered the resulting challenges of assessing legal and compliance risks…
Marc GilmanNovember 20, 2020
The Covid-19 pandemic and its impact on “market events” will help set a path for priorities for the Securities and Exchange Commission’s new Event and…
Marc GilmanSeptember 11, 2020
Brokers and investment advisers should “closely review” their policies and procedures for supervising their remote workers during the coronavirus pandemic, the SEC said. Firms may…
Marc GilmanAugust 17, 2020
Guest Blog by Marc Gilman, General Counsel and VP of Compliance, Theta Lake As companies settle in for be extended work from home arrangements as…
Marc GilmanAugust 3, 2020
A recent notice from FINRA gives compliance officers with remote workforces insights into the agency’s approach to remote work and supervision risks, which will be…
Marc GilmanJune 22, 2020
In the wake of the COVID-19 pandemic, many firms are working from home using collaboration tools. Theta Lake’s Marc Gilman provides insight on regulatory requirements…
Marc GilmanMarch 19, 2020
Payments, investing, financial planning and lending often spring to mind as “classic” fintech startups, but other business models like regtech, compliance, human resources and marketing…
Marc GilmanFebruary 20, 2020
The Financial Industry Regulatory Authority’s Annual Risk Monitoring and Examination Priorities Letter provides a roadmap of key compliance issues for firms to consider in advance…
Marc GilmanFebruary 3, 2020
Theta Lake’s Marc Gilman explains that as firms increasingly leverage transcription-based technologies to gain insights into data, they must understand the basic mechanics behind these…
Marc GilmanJuly 17, 2019