In recent months the SEC and CFTC have charged multiple Wall Street firms with widespread recordkeeping failures, handing down staggering penalties in excess of 1.5 billion dollars. Firms—including smaller ones—should only expect that the aggressive enforcement will continue. And the SEC's Division of Examinations 2024 Priorities only reinforce the agency's continued focus on the importance of record keeping and demonstrable compliance.
Are your books and records ready to stand up to regulatory scrutiny?