Legal, Lawyer, Attorney
While the Federal Reserve Bank works to improve efficiencies and services, sometimes the changes can cause confusion for financial institutions In the fall 2009, they changed the requirements for depositing currency and coin Now, within a matter of months, they are making another change…
In a recent study conducted by the government it was found that almost 30% of businesses still didn’t have an adequate email archive policy to enable them to comply fully with legislation Considering that some of this legislation has been around for almost 15 years, it’s a bit surprising Originally it was only public companies that had to preserve email archives for a set period of time, in case of inspections by the SEC or other body…
SEC Rule 17a-4 is the succinctly titled “Applicability of CFTC and SEC Customer Protection, Recordkeeping, Reporting, and Bankruptcy Rules and the Securities Investor Protection Act of 1970 to Accounts Holding Security Futures Products” It concerns itself with the types of records to be created and kept by brokers and dealers for security transactions The SEC, Security and Exchange Commission published Rule 17a-4 in 2003 to define strict requirements for storage of these electronic records for all its members…