Howard Fischer was quoted in a recent Grip. article "The finance sector’s $2.5 billion communications compliance crisis"

“To avoid being the next target, firms need to specifically task personnel with responsibility for setting policy, communicate that policy to all staff, and ensure the policy is enforced and that all relevant records are collected and preserved,” Mr. Fischer said.  He said to criticize these settlements as a way for financial regulators to achieve public relations wins without there being evidence of fraudulent intent or harm to customers is to mischaracterize the thrust of these enforcement actions. “The cases go to the heart of the regulators’ ability to monitor financial services firms,” he said.