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SEC Alerts Firms on Trader Oversight Amid Covid-19 Remote Work

Aug. 12, 2020, 9:48 PM

Brokers and investment advisers should “closely review” their policies and procedures for supervising their remote workers during the coronavirus pandemic, the SEC said.

Firms may need to revise their protocols given that Covid-19 has forced traders and other employees to work off-site and caused other challenges, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations said in a risk alert Wednesday.

Staffers may not have the same amount of oversight while teleworking and work communications and transactions could be happening on personal devices, according to the OCIE risk alert. It said brokers and investment advisers should update their ...

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