Fraud in the Technology Age: Strategies for Detection, Prevention, and Navigating Regulatory Inquiries
Author: Jan M. Folena.; Samantha B. Kats.
Source: Volume 57, Number 20, November 15 2024 , pp.221-225(5)

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Abstract:
In this article, the authors provide an overview of common frauds in the financial services industry. They then turn to best practices for preventing and detecting fraud, regulatory compliance requirements, and discuss recent enforcement actions related to the responsibilities of regulated entities. They conclude with best practices for avoiding and managing regulatory scrutiny through a comprehensive approach.Keywords: FINRA Fraud Reporting Requirements; Cybersecurity Disclosures; Non-Scienter or Negligence-Based Violations; In the Matter of Delphia (USA); In the Matter of BlueCrest Capital Management
Affiliations:
1: Stradley Ronon Stevens & Young LLP; 2: Stradley Ronon Stevens & Young LLP.