"3 Lessons from the SEC’s Settlement with Craig Scott Capital" by Michael Mann published in Inside Counsel

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June 10, 2016

A recent SEC settlement against a broker-dealer firm and its principals reflects the SEC’s interest in ensuring registered firms’ robust compliance with information security/data protection and recordkeeping requirements. It also reflects the price of non-compliance. To settle the SEC’s enforcement action, the firm and its principals agreed to cease and desist orders, censures of the individuals, and orders to pay penalties of $100,000 (the firm) and $25,000 (each individual).  

In this piece published in Inside Counsel, Michael Mann offers three vital lessons for firm senior management and compliance personnel.  

Click here to read the full article.