Skip to main content

Navigating T+1 Settlements: Proactive Compliance in the Wake of SEC’s 2023 Enforcement Actions
2 min read

In light of the recent SEC announcement of its enforcement results for Fiscal Year 2023, the financial industry faces an undeniable truth: the need for stringent compliance and proactive risk management has never been more critical. With the SEC filing a record number of enforcement actions and obtaining significant financial remedies, the message is clear: compliance is not just a requirement; it’s a necessity to thrive in today’s financial landscape.  T+1 rules are coming in 2024.

SEC Enforcement Actions

T+1 Settlements: A New Era of Compliance Challenges


The shift towards a T+1 settlement cycle presents unique challenges and opportunities for financial institutions, including broker-dealers and investment firms. The reduction in the trade settlement cycle from the current T+2 to T+1 necessitates a more agile and responsive operational framework. Firms must adapt to this change to avoid potential compliance violations and financial penalties.


Loffa Interactive Group: Your Partner in T+1 Transition


At Loffa Interactive Group, we understand the complexities and nuances of the financial market regulations. Our cutting-edge solutions are specifically designed to help clients navigate the T+1 transition seamlessly. Here’s how we can support your journey:


  1. Automated Compliance Tools: Leveraging advanced technology, our platform provides comprehensive oversight of the settlement process, ensuring adherence to the shortened settlement cycle and reducing the risk of late settlements.


  1. Real-Time Risk Assessment: Our systems are equipped to identify and alert on potential risks in real-time, allowing for prompt corrective action. This proactive approach is crucial in an environment where a day’s delay can lead to significant penalties.


  1. Efficient Workflow Management: With T+1, every second counts. Our workflow solutions are tailored to optimize operational efficiency, ensuring that all transactions are processed swiftly and accurately.


  1. Training and Support: Understanding that a major part of compliance is knowledge, we offer extensive training and support to ensure your team is well-equipped to handle the new settlement cycle.


The Path Ahead


The SEC’s intensified enforcement actions, including those targeting recordkeeping violations and the protection of whistleblowers, illustrate a broader commitment to safeguarding market integrity. As your organization looks to align with these heightened standards, Loffa Interactive Group stands ready to be your ally in this transition. Our expertise in financial technology and compliance positions us uniquely to guide you through the evolving regulatory landscape.


Adapt, Comply, Thrive


Preparing for T+1 is not just about avoiding penalties; it’s about positioning your firm for success in a rapidly changing financial world. Partner with Loffa Interactive Group to turn these regulatory challenges into opportunities for growth and resilience.