Compliance Regulations
Compliance Regulations

The Securities and Exchange Commission (SEC) and the National Association of Securities Dealers (NASD) have instituted regulations that demand compliance surrounding the storage of financial records and electronic communications. Specifically, IT departments must implement processes that answer rules including:

  • The medium upon which the financial records are stored,
  • the period of time the records must be stored, and
  • accessibility and retention periods of email and instant messages.

EVault's solutions address security concerns by keeping backup data always encrypted and immediately available. Detailed reporting gives regulators a clear idea of the chain of custody of the stored information, and rapid access, should it be required.

Managed Service Offerings for SEC | NASD Compliance

OurEVault™

Business Continuity Plan repository service

OurEVault, specifically developed for NASD firms offers secure off-site storage for Business Continuity Plans (BCPs) and other business-critical information that is easily retrievable when needed.

The recently announced NASD Rule 3510 requires securities firms to create, review and maintain an up-to-date written BCP.

EVault ProMail™

Web-based Email and IM supervisory and archiving service

EVault ProMail is a managed service that captures, monitors, and archives email and instant messaging for organizations mandated to adhere to regulatory requirements and committed to a disaster recovery program.

Regulations such as SEC Rule 17a-4 and NASD 3010 dictate that electronic communications such as email and IM needs to be stored for at least five years on non-erasable storage media. NASD 3110 mandates that securities firms retain and provide easy access to correspondence with its registered representatives.

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