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ARTICLE · 01 FEBRUARY 2024

FINRA And SEC Set Out Supervisory Expectations On Communications Compliance

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2024 isn't even a month old and already two U.S. regulators have updated their expectations on communications compliance.

United StatesFinance and Banking
Susannah Hammond
Susannah Hammond
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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 - recordkeeping is, and will remain, a key regulatory focus.

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Against a backdrop of $2.6bn+ fines and continuing enforcement action against both firms and individuals, U.S. regulatory expectations on communications compliance are continuing to evolve. Both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) have updated their stance, approach and expectations as to good and better practice when it comes to communications compliance. U.S. firms in all sectors of financial services would be well advised to review and consider the updated supervisory approach.

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