Six Considerations for Selecting a Hosted Email Archiving Solution
An email and electronic message archiving solution is a critical component of a comprehensive electronic recordkeeping program. Your service or system should provide reliable and secure storage, efficiency in review and peace of mind when you need to find and produce data in a pinch. With an increasing number of hosted email archiving solutions, it is…
FINRA Regulatory Notice 12-29 – Six Categories to Three
The Financial Regulatory Authority’s (FINRA) new rules for communications with the public will go into effect on February 4, 2013. Regulatory Notice 12-29 introduces the Communication Rules (FINRA Rules 2210 and 2212 through 2216) which details which existing rules will be replaced and/or adopted, and notes that communication categories will be reorganized from six down to three.…
Tweets & Texts Fair Game for FINRA
FINRA issued Regulatory Notice 11-32 in July, providing additional guidance regarding reporting requirements under Rule 4530, which became effective on July 1, 2011. The requirements of Rule 4530 are based on existing requirements in NASD Rule 3070 and Incorporated NYSE Rule 351, but Rule 4530 “strengthens, clarifies and extends these existing requirements.” FINRA Rule 4530 requires member firms to:…
FINRA Encryption Requirement Now Enforced (Regulatory Notice 10-59)
Amendments to FINRA Rule 8210 as outlined in Regulatory Notice 10-59 went into effect Wednesday, December 29. 2010. The new mandate is aimed at any FINRA-registered firm that sends physical electronic media to the regulatory body. As stated in the amendments, physical electronic media (CD-ROMs, DVDs, portable hard drives, etc.) are now required to be encrypted when…
Data-Leak Prevention: Not Just for Naughty Words
Goldman Sachs recently implemented a policy forbidding employees from using profanity in electronic messages. This comes hot on the heels of a particularly embarrassing Senate hearing when one email in particular, featuring an expletive, was repeatedly quoted. Goldman has implemented screening software to electronically enforce the new policy. While the situation in question refers to the…
A Hard Drive, an Ex-Wife, and $1 Million
I recently came across the story about Karen Zilkha and how she was rewarded $1 million from the SEC for handing over a hard drive with emails on it. This story could easily pass for a compelling Lifetime made-for-TV movie, but underneath the drama is an important message. Back in 2001, David Zilkha went to work for Pequot Capital…
On Monitoring Employee Communications: Communicating Expectations is Key Element to Success
This blog was written by Smarsh founder and CEO Stephen Marsh. In Laura Petrecca’s cover story from the March 17 USA Today (“Feel like someone’s watching? You’re right“), I said that employees should operate under the assumption that they are being watched. This sentiment alluded primarily to employee communications at the office, on corporate-issued devices or through…
Google Apps for Business Archiving from Smarsh
At Smarsh, we recognize that businesses that have adopted hosted email services like Gmail need to meet the same SEC regulatory requirements as organizations using on-premises email systems. Our press release announcing Smarsh’s archiving solution for Google Apps back in December 2009 created a lot of buzz, but we’re still seeing some questions about the service. Here…
FINRA Tackles Social Media Compliance with FINRA Regulatory Notice 10-06
The Financial Industry Regulatory Authority (FINRA) has issued guidance to securities firms and brokers regarding the use of social networking Web sites. The details are found within the FINRA Regulatory Notice 10-06, which addresses the recordkeeping, supervision and responsibility of firms’ access and use of social networking websites like Facebook, Twitter and LinkedIn. In the Notice,…
Recent Cases Show Reliance on Backup Tapes for E-Discovery Compliance is Costly, Risky
This post was written by Seth H. Row is an independent legal consultant to Smarsh, and a litigator and electronic discovery consultant in Portland, Oregon. The threat of being penalized for inadvertently destroying evidence in litigation is a frequent recurring nightmare in the executive ranks of many large corporations these days. Companies are now routinely…
Watch it Work
Contact Us
Chat