October 23, 2023

Chip Jones on Record Keeping Requirements for Messaging Compliance

22 minutes

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, Tom Fox welcomes Chip Jones to discuss the recent spate of enforcement actions in the messaging compliance arena.

Chip Jones, the Executive Vice President of Compliance at Global Relay, is an expert in e-communications archiving and compliance solutions for the financial services industry, focusing on instant messaging compliance and enforcement actions related to off-channel communications. Chip believes technology plays a vital role in regulating off-channel communications in financial services, emphasizing the importance of capturing and supervising all communications, including those on personal devices, to ensure compliance with SEC record-keeping requirements. He acknowledges that using personal devices for communication has been prevalent for years, but the pandemic has accelerated this trend. Chip suggests that technological solutions, such as the Global Relay app, can help financial professionals communicate compliantly, and he emphasizes the importance of education and tone from the top in promoting compliance. Join Tom Fox and Chip Jones on this FCPA Compliance Report podcast episode to delve deeper into this topic.

Key Highlights:

Compliant Communication Solutions for Financial Firms

Regulatory Enforcement of Off-Channel Communications

Failure Factors: Violation of Record-Keeping Requirements

Proactive Compliance and Cooperative Remediation in Financial Firms

Resources:

Chip Jones on LinkedIn

Global Relay

Tom Fox

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