The growth of eComms enforcement

Figures from our 2025 Global trends in market abuse and trade surveillance report found that failures related to eComms recordkeeping and surveillance were by far the most commonly enforced market abuse typology. Out of the $6.3 billion in total market abuse fines issued from 2019-2024 for market abuse, $3.17 billion (50%) were related to eComms recordkeeping failures.

This dramatic figure highlights a clear regulatory focus, particularly in the US. The widespread use of personal mobile devices and off-channel messaging apps such as WhatsApp have undoubtedly added complexity to achieving compliance, and while regulations haven’t necessarily changed, the changing landscape has made this issue increasingly important for regulatory bodies. This regulatory friction - where compliance requirements remain static, but the tools available to market participants evolve rapidly - poses a growing challenge.

You can download the 2025 Global trends in market abuse and trade surveillance report here.