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Beware of Texting While Advising: OCIE Issues an Electronic Messaging Risk Alert

Posted in Investment Adviser Regulation

In December 2018, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) published its fifth and last risk alert of 2018 on the topic of electronic messaging by personnel of registered investment advisers. In the alert, OCIE focuses its attention on the growing use by advisory personnel of various types of electronic messaging for business-related communications and seeks to provide suggestions to advisory firms on ways firms can continue to meet their regulatory requirements, notwithstanding this new challenge.

Read our client alert.