Corporate Compliance Insights – Investigators will start with your policies, but they won’t stop there.
Financial institutions have been hit with billions of dollars’ worth of fines in the past couple of years for failing to preserve business text messages. Whether they’re from the SEC, FINRA, or CFTC, federal investigators will dig deep when determining if official communications have taken place off normal business channels. Lauren Tringali and Brian Corbin of QuisLex advise you to be prepared to show your work.
Source:
- Corporate Compliance Insights: From Inquiry to Response: What to Do When Regulators Come Knocking for Text Messages
