{"id":1300,"date":"2022-10-04T20:31:14","date_gmt":"2022-10-04T20:31:14","guid":{"rendered":"http:\/\/localhost\/?p=1300"},"modified":"2022-10-05T13:02:27","modified_gmt":"2022-10-05T13:02:27","slug":"enforcement-appears-as-messages-disappear-part-ii-steep-penalties-imposed-in-personal-messaging-cases","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2022\/10\/04\/enforcement-appears-as-messages-disappear-part-ii-steep-penalties-imposed-in-personal-messaging-cases\/","title":{"rendered":"Enforcement appears as messages disappear part II: Steep penalties imposed in personal messaging cases"},"content":{"rendered":"<p>Sixteen firms settled with the Securities and Exchange Commission and Commodity Futures Trading Commission for failing to maintain and preserve business-related communications.<\/p>\n<ul>\n<li>Total civil penalties for these settlements and similar actions brought in December 2021 exceed $2 billion.<\/li>\n<li>The settlements stem from a risk-based investigation into whether broker-dealers, swap dealers, and other registrants are retaining business-related communications made on personal devices.<\/li>\n<li>Companies can take certain proactive measures now to ensure their record retention policies and controls sufficiently mitigate risk stemming from employee use of text messaging applications, including third-party platforms such as WhatsApp, on their personal devices.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/NewsCommentary\/Legal-Alerts\/253913\/Enforcement-appears-as-messages-disappear-part-II-Steep-penalties-imposed-in-personal-messaging-cases?utm_source=vuture&amp;utm_medium=email&amp;utm_campaign=vuture-emails\">Read more here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sixteen firms settled with the Securities and Exchange Commission and Commodity Futures Trading Commission for failing to maintain and preserve business-related communications. Total civil penalties for these settlements and similar actions brought in December 2021 exceed $2 billion. The settlements stem from a risk-based investigation into whether broker-dealers, swap dealers, and other registrants are retaining &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2022\/10\/04\/enforcement-appears-as-messages-disappear-part-ii-steep-penalties-imposed-in-personal-messaging-cases\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Enforcement appears as messages disappear part II: Steep penalties imposed in personal messaging cases<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":57,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,22],"tags":[],"class_list":["post-1300","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1300","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1300"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1300\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}