Social & Mobile Apps: The Escalating Cost of Non-Compliance

You’ve most likely seen the recent headlines: Big Bank X fined for use of WhatsApp, Global Bank Y fined for malicious text messages, broker-dealer firm fined for lack of oversight of a rogue broker operating under the alter ego of “Roaring Kitty” on Reddit…

Maybe you’ve also noticed the increased focus and scrutiny from the SEC, FINRA, CFTC and other regulatory bodies via Regulatory Priorities letters. Or you’ve seen increased, expensive regulatory enforcement for improper or unauthorized use of digital communications.

In this industry brief, we'll discuss:

• How financial services firms are re-evaluating in this environment
• Enforcement examples from the last few years
• Five questions firms can ask themselves to take action, today