Over the past few years, off-channel communications have become a mainstay in compliance and regulatory headlines, as the Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA), and the Commodity Futures Trading Commission (CFTC) issued fines to some of the world’s largest financial institutions for their use of off-channel communications.
In fact, in 2024 alone, the SEC issued over $600 million in civil penalties for off-channel communications.
So, how can you avoid similar fines and penalties, protecting your firm from regulatory risk? Download our new guide for insights and best practices including:
- An overview of the rules
- The importance of training your team of acceptable use
- And what to do if you do find an off-channel communication violation