FINRA Rule 3110.07: Evidence of Review of Correspondence and Internal Communications

FINRE Rule 3110.07 requires firms to chronicle the evidence of review required by Rule 3110(b)(4) to clearly identify the following information:
(1) The reviewer's identity,
(2) The internal communication or correspondence that was reviewed,
(3) The date of review, and
(4) The actions taken by the member as a result of any significant regulatory issues identified during the review.

FINRA Rule 3110.07 states that solely opening a communication does not suffice as reviewing the communication.

Link to Rule: http://finra.complinet.com/en/display/display_main.html?rbid=2403&element_id=11345
Helpful Link: http://finra.complinet.com/en/display/display.html?rbid=2403&element_id=11470

Smarsh, Inc. assumes no liability for the accuracy or completeness of this information. Please consult with an attorney for specific information on specific rules and regulations and how they apply to your business.

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