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The Importance of SOC 1 Reports in 401(k) Audits
by Jerry Hughes on November 22, 2024 at 12:00 PM
401(k) plan administrators manage crucial financial transactions, including contributions, distributions, loans, and account reconciliations. Errors or fraud in these activities can have significant financial implications for plan sponsors (employers) and participants (employees). A S …
So You Started Trading Stocks – Is Your Account Secure?
by Peter Fellini on December 3, 2020 at 1:00 PM
The COVID-19 pandemic has had a significant effect on all of us, with many individuals now working from home, furloughed, or losing their jobs permanently. This had led to a sharp increase in personal stock trading. Some are doing it to supplement their income, while others are hoping …
New York Files First 23 NYCRR 500 Enforcement Action
by Nicholas Foisy on August 20, 2020 at 1:00 PM
On July 21st, 2020, the New York Department of Financial Services (NYDFS) announced that it had filed its first enforcement action under the 23 NYCRR 500 cybersecurity regulation against First American Title Insurance, a large title insurance provider headquartered in Santa Ana, Calif …
The FFIEC Gives the BCP Booklet a Facelift
by Jerry Hughes on December 19, 2019 at 1:00 PM
From BCP to BCM The Federal Financial Institutions Examination Council (FFIEC) Information Technology Examination Handbook (IT Handbook) is comprised of several IT booklets for use by examiners. In November of 2019, the FFIEC member agencies replaced the dated “Business Continuity Pla …
New York v. Illegal Withdrawal Specialists (23 NYCRR 500)
by Todd Pritsky on March 13, 2019 at 1:00 PM
A brief introduction into the recent New York State Department of Financial Services 23 NYCRR 500 cybersecurity regulations.
FINRA 2019 Priorities Letter Released
by CJ Hurd on January 30, 2019 at 10:54 AM
In this blog we’ll be discussing the release of the Financial Industry Regulatory Authority’s (FINRA) 2019 Risk Monitoring and Examination Priorities Letter. The letter, released on January 22nd, 2019, highlights new priorities and identifies ongoing areas of concern for the coming ye …