The SEC and the CFTC have taken on major Wall Street firms and penalized them for alleged “widespread recordkeeping failures” and have gotten the firms to acknowledge their shortcomings and to pay penalties in the millions. The SEC alone has racked up $1.1 billion in penalties from 16 firms and the CFTC has settled charges… Read More >>
T+0 Settlement via New Exchange & Other Briefs
SEC Approves BSTX’s Launch The SEC has blessed the creation of a regulated, national securities exchange facility, dubbed BSTX, that can settle instruments in one day (T+0) while providing blockchain-based market data reporting, officials say. The BSTX is a trading facility of BOX Exchange and a joint venture of tZero Group, Inc., and BOX Digital… Read More >>
Smarsh Acquires Entreda to Bolster Cybersecurity Support
Electronic communications archiving vendor Smarsh will be able to bolster its cybersecurity risk and compliance offerings to broker-dealers, registered investment advisors (RIAs) and banks via its acquisition of Entreda, maker of a platform that unifies these services. Smarsh offers archiving and compliance support for email, social media, text messaging, instant messaging, websites, and voice. Through… Read More >>
Smarsh Updates DLP Solution for Microsoft Teams
Smarsh, an archiving and monitoring solutions provider for electronic communication, has released an update of its Control data-loss prevention (DLP) application for the group chat/unified communications software system Microsoft Teams. The Control software targets financial services firms that need to enforce internal policies, block and delete content within Microsoft Teams, and bolster related compliance, risk… Read More >>
