FAQs Compliance

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What Does SEC Rule 17-4 Mean for Small FINRA Firms?

Although SEC rule 17a-4 is the de facto regulation used by FINRA, it has special significance for small firms such...

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How do Small FINRA Firms Outsource 17a-4 Electronic Records Archive?

Since FINRA realizes small FINRA firms don’t have the IT budgets to perform the archiving of electronic records themselves, they...

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How Can FINRA Firms Make the Cloud 17a-4 Compliant?

The cloud surely is a viable option for small FINRA firms to store data. Broker-Dealers for example can effectively use...

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What is the FINRA Electronic Records Request?

During an audit, FINRA will surely perform an electronic records request. This request is a sample data set from the...

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What Does FINRA Expect from Broker-Dealers During an Audit?

There is essentially three things FINRA will demand during an audit: One: Reproduce the communications made from registered reps to...

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Is Worm Disk the Only Way to Retain Data for SEC Rule 17a-4?

Broker-Dealers are no longer restricted to using only worm disk to store electronic records to satisfy rule 17a-4.  This used...

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How Long do FINRA Firms Need to retain their books and records?

SEC rule 17a-4 directs FINRA firms to maintain and keep books and records for 3 yrs., certain records for longer....

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What is the books and records electronic archiving rule?

The FINRA books and records rule or SEC 17a-4 outlines three main responsibilities for FINRA firms: One: It outlines which...

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What electronic records need to be retain to achieve SEC rule 17a-4?

The electronic records retention requirements of SEC rule 17a-4 or the SEC Books and Records rule, defines the following types...

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What’s the Difference Between Data Backup and Data Archiving?

When it comes to satisfying today’s data compliance regulation such as SEC 17a-4, the big question FINRA firms have to...

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