SEC scrutiny into Wall Street communications widens to investment funds - sources

WASHINGTON : The U.S. Securities and Exchange Commission's scrutiny of how Wall Street handles work-related communications on personal devices and apps such as WhatsApp has expanded beyond broker-dealers to investment funds and advisers, according to three people familiar with the inquiry.

The SEC's enforcement unit has sent inquiries to a number of funds and advisers asking for information about their protocols for so-called"off-channel" business communications as recently as this month, the three sources told Reuters recently. The agency has asked firms to preserve and produce documents and share information on policies related to the use of devices and platforms, the sources said, speaking on condition of anonymity.

The SEC has been aggressive on enforcement under Democratic leadership and the industry probe into the banks was a landmark case for the SEC and the Commodity Futures Trading Commission, marking one their largest collective resolutions. Like broker-dealers, investment companies and registered investment advisers are required by the SEC to maintain records of business communications.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

China to promote prudent trials of cross-border private equity fund investment -FX regulatorBEIJING : China will strengthen monitoring and analysing cross-border capital flows and risk prevention, the country's foreign exchange regulator said on Monday.China will prudently promote trials of cross-border private equity fund investment, the State Administration of Foreign Exchange (SAFE) said on i
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

What Are Singapore Treasury Bills and Are They a Good Investment? -Whatever the reason, if you’re hoping to reap a higher return on your excess cash, T-bills might just be your answer. In this guide, we will dive into the ins and outs of T-bills so you can decide if they’re a good addition to your portfolio.
La source: IndependentSG - 🏆 9. / 63 Lire la suite »