AdvisorVault

The ongoing supervision of electronic records for SEC rule 17a-4 is a constant challenge for FINRA firms such as broker-dealers and registered investment advisors. AdvisorVault offers features to simplify this and ensure full compliance.

FINRA firms such as broker-dealers and registered investment advisors choose AdvisorVault for the remote archiving of electronic records for SEC rules 17a-3 and 17a-4. By Allan Lonz, President, AdvisorVault, www.advisorvault.org

The D3P requirement outlined in 17a-3 and 17a-4 poses difficulty for small broker-dealer firms. They need a provider that offers a consolidated solution to help them successfully pass FINRA audits and keep the cost of compliance under control.

Redwing Capital, LLC chooses AdvisorVault as their FINRA Designated Third Party Storage Provider (D3P) to help them archive electronic records stored in the cloud.

Microsoft Exchange server is a popular in-house email system used by financial firms to manage their communications. It allows full control over email accounts, sharing of contacts, calendars and public folders.

Remote Data Archiving is a technology offer by AdvisorVault that helps its customers achieve SEC Rule 17a-4. It is an inexpensive, outsourced method to transfer data offsite and archive it for the required amount of time.

Doug Goldstein Interviews Allan Lonz of AdvisorVault about helping small financial firms who are members of FINRA with compliant remote data backup and achieving SEC rule 17a-4 and the designated third party (D3P) requirements

The long-term archiving of data for compliance is probably the biggest challenge facing small financial firms today.

Rules such 17a-4 and the designated third party (D3P) requirement pose huge challenges for small financial firms who are members of FINRA. The key is understanding these rules and choosing the right technology to achieve them.

FINRA’s data compliance audit process is complex for small firms but understanding SEC rule 17a-4 Books and Records Retention and Archiving requirements is the key to success.