Investment advisers, broker-dealers and CFTC-regulated entities have been hit with significant financial penalties for failing to monitor and retain business communications conducted on their employees’ personal devices via instant messaging platforms.

Speakers: Daniel H. Ahn Mark E. Bini Therese Craparo Anthony J. Diana

Event Type: CLE / CPD, Webinar

Start Date/Time:
13 June 2023, 11:30 AM EDT
End Date/Time:
13 June 2023, 12:30 PM EDT

The SEC and CFTC alone issued fines of more than $2 billion for this very issue, including fines in the tens and hundreds of millions (with more expected to come). The U.S. Department of Justice has also emphasized that all corporations must have proper document retention policies and procedures in place for mobile devices to retain, preserve, collect and disclose relevant documents, be they in the United States or overseas.

In light of record retention policies and procedures becoming a more intense focus for regulators and authorities worldwide, we will share proactive steps you can take to minimize reputational risks and reduce your exposure to fines and enforcement actions.

Who should attend:

  • Investment advisers
  • Broker-dealers
  • Asset managers
  • Private equity/alternative investment firms
  • CFTC-regulated entities.

CLE is available for this program. Please see CLE information on the registration page or contact Learning & Development CLE Attendance.

CLE Information: This program is presumptively approved for 1.0 CLE credit in California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, Texas and West Virginia. Applications for CLE credit will be filed in Delaware, Florida, Ohio, and Virginia. Attendees who are licensed in other jurisdictions will receive a uniform certificate of attendance but Reed Smith only provides credit for the states listed. Please allow 4-6 weeks after the program to receive a certificate of attendance.

FOR ON-DEMAND VIEWERS: In order to receive CLE credit, you will need to notify Learning & Development CLE Attendance once you have viewed the program on-demand. **Please note - CLE credit for on-demand viewing is only available in California, Connecticut, Illinois, New Jersey, New York, Pennsylvania, Texas and West Virginia. Credit availability expires two years from the date of the live program.