Davis Polk partner Sijia Cai was quoted in Financial Technology Forum News discussing the SEC’s crackdown on recordkeeping.

“The SEC is taking a stance, and the SEC is making it known that they take it seriously, and that therefore the firms should, too,” Sijia said.

The article notes that the type of response varies from firm to firm, but no matter how, the message is made clear to employees with repetition of the required practices. “There are those reminders where you make people sit down and watch a presentation, or you gather them in a room, and you do a lunch presentation,” Sijia said. “Basically, hammer it into people’s heads.”

“How to Survive the Recordkeeping Crackdown,” Financial Technology Forum News (January 3, 2024) (subscription required)

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