Most industries are subject to regulation, and the financial services sector is no exception.
Broker-dealers, in particular, are expected to comply with the Financial Institution Regulatory Authority’s regulations and Rule 17a-4 of the Securities and Exchange Commission (SEC 17a-4), both of which pertain to electronically saved information.
Given the sheer volume of data transmitted via email and other modes of electronic communication, this can be challenging — there are, however, a few precautions broker-dealers can take to ensure compliance.
