SEC risk alert on compliance issues related to suspicious activity monitoring and reporting at broker-dealers
Davis Polk's webinar on the SEC’s renewed focus on deficiencies in monitoring and reporting suspicious activities by financial institutions, particularly as it relates to penny stocks. Topics include:
- The Commission’s most recent alert, which highlights problems with inadequate thresholds for reporting.
- The lack of content in SARs and failures of internal controls.
- Proven accounting review and due diligence insights to help mitigate risks.