This week is full of news that relates to how MessageWatcher can help organizations avoid fines, reduce legal discovery costs and aid compliance initiatives like ESG. Archiving and policy-based monitoring of email, social media, messaging apps, web pages and collaboration apps can benefit any organization’s bottom line. From The Wall Street Journal – JPMorgan Fined read more
Author: Craig Dinan
MessageWatcher pleased to be supporting The Onyx Advisor Network
“The Onyx Advisor Network will provide access to custodial, investment management, compliance, coaching and other resources for what its founders call “underrepresented advisers,” which encompasses people of color, women, LGBTQ and others who have had difficulty in obtaining a foothold in the advice industry.” More at this link from an Investment News article https://www.investmentnews.com/platform-seeks-to-assist-underrepresented-advisers-215124. MessageWatcher read more
A good ESG-related article
From BBC’s series on Carbon – ‘The most important number you’ve never heard of’ “The number is known as the Social Cost of Carbon (SCC)…The SCC defines how much society should pay to avert future damages caused by climate change, such as increased floods and droughts, by adding up all the quantifiable costs and benefits read more
Site with stats and information about ethics violations by members of Congress
I came across this site containing statistics and information on misconduct of US congressional member, including ethics violations. It has a ton of information including misconduct numbers dating back to the 1790’s. https://www.govtrack.us/misconduct read more
SEC alert regarding ESG-related reviews
The Securities and Exchange Commission’s published a Risk Alert last week regarding its review of ESG investing – https://www.sec.gov/files/esg-risk-alert.pdf They explain how their staff will “evaluate whether they are accurately disclosing their ESG investing approaches and have adopted and implemented policies, procedures, and practices that accord with their ESG-related disclosures.” They will focus on Portfolio read more
Chief Compliance Officers – in the news for the wrong reasons
Links to 2 ComplianceWeek articles about Chief Compliance Officers showing up in the news for the wrong reasons. read more
Facebook Data Breach
It makes sense to check if your Facebook data was exposed. This site seems like a good place for that according to various news sites – https://haveibeenpwned.com/ This article from Forbes mentions that some users’ dates of birth were exposed by the Facebook breach. “As well as phone numbers and email addresses, the data exposed read more
Drop in calls to company ethics hotlines last year.
This article mentions decreased calls to corporate ethics hotlines – https://www.wsj.com/articles/reports-on-corporate-ethics-hotlines-fell-in-2020-11617615001 The SEC previously reported record tips to their whistleblower program. So what is going on? Maybe more employees are working remotely so they are not witnessing unethical or policy-violating behavior, or the way companies remind employees about their internal hotlines was focused on physical read more
Family Offices should expect more regulatory attention after Archegos
Family Offices will most likely see more monitoring after Archegos Capital Management rattled the stock market last week. Dan Berkovitz, the commissioner on the Commodity Futures Trading Commission, released a statement here about the need for increased regulation of Family Offices. https://www.cftc.gov/PressRoom/SpeechesTestimony/berkovitzstatement040121 Bloomberg had a good article about the Archegos situation at https://www.bloomberg.com/news/articles/2021-03-31/sec-opens-investigation-into-archegos-trades-that-sparked-rout Including this read more
SEC 2021 Priorities – useful information
The SEC 2021 Examination Priorities Report, https://www.sec.gov/files/2021-exam-priorities.pdf, came out. This article helps summarize it – https://www.natlawreview.com/article/2021-sec-examination-priorities-securities-industry-registrants read more