A robust, yet simple dashboard view for administrative overview and compliance audits.
SEC Rules 17a-3 and 17a-4 and FINRA Rules 2210, 3110, 3130, 3120, and 4511 are broad and far-reaching. They affect most everyone in Compliance and Governance regulated industries. These rules extend to all written business-related communications, including email, instant messaging, Bloomberg®, Thomson Reuters, text messaging, Twitter, Facebook, LinkedIn, Instagram and other social media. Over 125 billion SMS messages are sent daily. Over 1 trillion per year. The amount of potentially sensitive communications being exchanged daily is enormous. If you consider the volume of WeChat, Facebook messenger (WhatsApp), iMessage, Signal and Slack the number of daily communications add billions more. Rules are applicable to all persons engaged in trading securities or acting as a broker, including Broker-Dealer firms and registered representatives subject to the SEC and FINRA. Note that SEC Rule 17a-4(b)(4) requires preservation of all correspondence of a Broker-Dealer “relating to business as such,” which should include the preservation of all electronic communications of a firm’s registered representatives, as well as all associated persons to the business.The following organizations have been involved with litigation involving text messages FBI, Uber, Snapchat, Nike, Adidas, State of New Jersey, State of Missouri, District of Columbia, NYPD, San Francisco Police Department, NBA, NFL, MLB, NCAA & many others.