Against the backdrop of political shifts in Washington and growing popular distrust of “big finance,” the seventh annual Smarsh survey of compliance professionals in the financial services industry reveals that the electronic communications compliance landscape has become broader, more complex and more scrutinized.

More firms are finding that gaps in retention and supervision programs have consequences. Examinations have become more comprehensive, with regulators focusing in particular on supervision processes. FINRA reported 99 books and records cases in 2016, resulting in $22.5million in fines. Compared to 2015, that represents a 423% increase in fines. Download our whitepaper to learn how you can protect your company!