Johnson Winter Slattery’s Post

Here is the summer edition of Above Board, with need-to-know updates on board advisory and governance matters from our specialist JWS team

Here is the latest edition of Above Board from our specialist Board Advisory & Governance team - covering CRFD, continuous disclosure, cyber strategy, foreign bribery, the global nature positive agenda and more.

The SEC’s recent enforcement action against 26 firms could mark a significant shift in regulatory oversight. With $393 million in collective penalties, this case is notable for being the first time the SEC has taken action based on off-channel communications discovered during a routine examination. This development could signal even tighter enforcement across the industry. 🔍 Key takeaways:  • Increased scrutiny: The SEC's focus on off-channel communications may lead to more rigorous examinations, especially concerning how firms monitor and enforce compliance policies.  • Broader implications: This case suggests that even firms with policies in place can face penalties if they lack sufficient surveillance to ensure compliance. Investment advisers, in particular, should take note, as this could lead to more exam referrals and heightened examiner focus on off-channel communications.  • Proactive compliance: With off-channel technology solutions still maturing, firms must reassess their compliance strategies to avoid similar pitfalls. Robust surveillance and enforcement of communication policies are more crucial than ever. At Stand on The Right, we specialise in helping firms navigate these evolving regulatory challenges. Our advanced compliance solutions offer comprehensive monitoring, risk mitigation, and detailed record-keeping to ensure your firm stays ahead of the curve. Learn how this development could impact your compliance strategies: bit.ly/4cvkx7L #Compliance #SEC #RiskManagement #FinancialRegulations

What Are the Implications of the new EU DORA Regulation and Operational Resilience Requirements for financial services companies? via Jonathan Armstrong, Partner at Punter Southall Law https://lnkd.in/ewzTaaAc

The SEC has outlined its top priorities for 2025, and investment advisers are squarely in the spotlight. The industry is facing increased scrutiny from stricter fiduciary duty standards to heightened cybersecurity requirements. Don't miss this critical update. #SEC #investmentAdvisers #compliance #regulatory #financialadvisors

The SEC has posted its 2025 Exam Priorities. Read this week's blog for practical ways to enhance your compliance program and position your firm for long-term success. https://hubs.ly/Q02WmNZ-0

🌟 SEC Achieves Record Enforcement Results in FY 2024 🌟 The Securities and Exchange Commission (SEC) has unveiled its fiscal year 2024 enforcement outcomes, marking a significant year for accountability and compliance in the financial sector. 📊 Key Highlights: ✔️ $8.2 billion in financial remedies – the highest in SEC history. ✔️ Landmark case against Terraform Labs and Do Kwon, resulting in $4.5 billion in penalties. ✔️ A growing culture of proactive compliance as firms self-report and cooperate. ✔️ Robust action against emerging risks like AI misuse, social media scams, and cybersecurity threats. While enforcement actions decreased by 26% from last year, the SEC’s selective approach reflects its focus on impactful cases and protecting investors. Notable achievements include strengthening whistleblower protections and holding senior executives accountable for corporate misconduct. 💡 A Shift Toward Compliance: SEC Chair Gary Gensler emphasized the importance of fostering trust and transparency in the U.S. capital markets. "We’re seeing more market participants step up," he remarked, highlighting the growing recognition of compliance as a cornerstone of sustainable business practices. For organizations, the message is clear: compliance isn’t just about avoiding fines—it’s about building a culture of integrity that stands the test of time. 👉 What steps is your organization taking to prioritize compliance and risk management in today’s evolving landscape? Let’s discuss! #SECEnforcement #InvestorProtection #ComplianceCulture #FinancialIntegrity #CorporateGovernance https://lnkd.in/gTu-gW3A

The SEC is turning up the heat on investment advisers in 2025. From heightened scrutiny on fiduciary duty to increased focus on cybersecurity, investment advisers must adapt to stay compliant. ⚖️🔎 Don't let non-compliance cost you. Learn how to safeguard your firm and stay ahead of the curve with AdvisorLaw. #SEC #investmentAdvisers #compliance #regulatory #financialadvisors

Our AdvisorLaw experts have dissected the SEC’s 2025 priorities and outlined actionable steps to ensure your firm’s compliance. Ready to level up your compliance game? Dive into our latest industry insight. Let’s connect and discuss how AdvisorLaw can be your partner in navigating these complex waters. #SEC #regulatorycompliance #investmentadvisers #compliance #fiduciaryduty #privatefunds #cybersecurity #AI

There's a lot of stress for CISOs struggling to comply with the swelling number of cybersecurity laws and regulations. The SEC's suit against SolarWinds hit a major snag over the summer when many of its leading claims were denied, and the SEC's time to appeal that ruling has passed. Read more in my post with Claroty Nexus to learn about the implications of the dismissal. Advanced Cyber Law #Cybersecurity #CyberLaw #CISO #Claroty #Nexus