Theta Lake

Boardroom Focus: Communications Compliance

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Boardroom Focus: Communications Compliance

Communications Compliance is Taking Center Stage in the Boardroom Within the modern governance landscape in financial services, communications compliance has emerged as a critical issue, spurred by the staggering fines for unmonitored communications that have surpassed $2 billion USD in the United States alone. In February 2024, an additional 16 firms faced SEC fines totaling $81 million, signaling a zero-tolerance stance by regulators against compliance violations. The Cisco and Theta Lake partnership, established in 2018,…

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Preventing E-Communication Fines in Financial Services

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Preventing E-Communication Fines in Financial Services

A new use case in the annual refresh of Cisco Portfolio Explorer for financial services is e-communication compliance. This hot button issue is in the news it seems almost weekly. Financial institutions, mainly Wall Street firms, have been heavily fined for using unauthorized communication channels and not recording these communications. The punitive financial damage to these Wall Street firms so far has been over $2.5 billion dollars. More fines are likely to come and to…

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