Posted under Risk Management on September 30th, 2007 by Aileen Doherty
Once again Morgan Stanley has been penalized for failure to produce emails. The Wall Street giant will pay $12.5 million to FINRA to settle charges that they erroneously told arbitration claiments that emails they were requesting were destroyed on 9/11. Eventually, the emails were found on a back-up server. Morgan further complicated their position by [...]
Posted under Compliance Program,Risk Management on September 6th, 2007 by Aileen Doherty
One of the ongoing tasks of the Compliance Department is the infamous and generally last minute marketing materials review. Often it takes place under urgent and rushed conditions in which Compliance “comes to the rescue” getting comments in just in time to get the document out the door.What will make these moments less tense and [...]
