★ Annual Review 2027 tickets now on sale Get your tickets →

News/Compliance & Enforcement/SEC and CFTC Continue Crackdown on Financial Firms Over Off-Channel Communications
Expert Opinion·Compliance & Enforcement Brief

SEC and CFTC Continue Crackdown on Financial Firms Over Off-Channel Communications

HSBC Securities and Scotia Capital have paid a combined $37.5 million in fines to settle actions with the SEC and the Commodity Futures Trading Commission for violations arising from the firms’ failure to maintain and preserve employees’ business-related communications on personal devices.

🔒 Members Only · Compliance & Enforcement BriefYou’ve reached the member portion of this brief.Members read the full analysis and the source documents in every Brief, six days a week.
Not ready to join? Take the free Pub K Weekly digest.One email. Free. Top industry articles, the community calendar, and the latest job postings.