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On 18 November 2021, the Securities and Exchange Commission (“SEC”) published for comment proposed amendments to the broker-dealer recordkeeping rules with respect to the use of electronic storage. The principal change would be to eliminate the current requirement that electronic records of broker-dealers be stored solely in a “write once, read many” (WORM) format.

In this episode, Daniela Fonseca Puggina, partner in our Miami office and Jennifer Ancona Semko, a partner in our Washington, D.C. office discuss litigation readiness for financial institutions (FIs). The episode also covers potential vulnerabilities and disputes that they need to prepare for, current and emerging trends in litigation (from our Litigation Intelligence: Ready for Anything? Report), and how they can benefit from litigation preparedness.