- Reliability, consolidated solution suite support broker-dealer's comprehensive compliance initiatives -
Portland, Ore., July 26, 2011 - Smarsh®, the managed service leader in innovative, secure and reliable email archiving and compliance solutions, announced today that Kovack Securities Inc. (KSI) has migrated to the Smarsh hosted email archiving and compliance platform. KSI, a full-service broker-dealer with more than 300 representatives across 41 states, selected Smarsh for its consolidated and integrated solution suite and track record of reliable and responsive service.
"We were looking to not only support our compliance initiatives, but also to provide a reliable set of solutions to help our advisors and representatives be more efficient and productive in their day-to-day operations," said Pete Pecci, Chief Risk Officer & National Sales Director for KSI. "With Smarsh, we solve multiple business needs cost-effectively with one trusted provider, and we are proactively positioned to meet emerging electronic communication challenges."
KSI chose Smarsh to provide email services after working with another hosted archiving provider for the past several years. In addition to the Smarsh email archiving and compliance solution, KSI implemented the Smarsh automated email supervision engine, the Virtual Compliance Officer®. The Smarsh email encryption platform, smarshEncrypt®, enables KSI representatives to protect sensitive client information in transit.
"The Smarsh platform enables our compliance team to meet its FINRA, SEC and state supervision obligations more efficiently and effectively, and Smarsh provides strong support and training," added Pecci.
Smarsh has helped clients like KSI compile exemplary regulatory audit track records and surpass the standards within the electronic messaging compliance mandates of both the Securities and Exchange Commission (notably rules 17a-3, 17a-4 and 204-2) and the Financial Industry Regulatory Authority (3010 & 3011).
All services within the Smarsh integrated suite are centrally administrated through a secure web-based platform. System administrators can review electronic communication, implement and enforce classification, data-leak prevention and encryption policies, and evaluate the effectiveness of policies and procedures within the customizable reporting center.
About Kovack Securities, Inc.
Kovack Securities, Inc. (KSI) is a national, full-service securities broker-dealer that maintains corporate headquarters in Fort Lauderdale, Fla. KSI is a powerful partner for entrepreneurial financial advisors seeking to create their own successful business. Since inception, the primary focus of the firm has been helping financial representatives and advisors establish competitive, independent financial practices and it has grown to be one of country’s top 100 independent broker-dealers. The vision of the firm, which is shared by its independent advisors, is providing quality financial advice every client deserves.
Smarsh® provides hosted solutions for archiving electronic communications, including email, instant messaging and social media platforms such as Facebook, LinkedIn and Twitter. Founded in 2001, Smarsh helps organizations manage and enforce flexible, secure and cost-effective compliance and records retention strategies. For more information, visit www.Smarsh.com or follow Smarsh at www.Twitter.com/SmarshInc.
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