| The
corporate scandals in the recent years
have led to the introduction of tougher
laws for compliancy. Legislation has
been passed defining how electronic
communications need to be stored and
retrieved. Violation of these laws
could be met with substantial penalties.
This has led to more and more businesses
to take the issue of email archiving
seriously and to implement a solution
which enables compliancy with the
various legislation.
Webservio's mail archiving solution
will help you to be compliant with
the following regulations:
SEC
17a (3,4)
This rule states that every broker or dealer shall preserve all communication for a period of 3 years, the first 2 years in an accessible place. This includes all original communications received and sent by such members, brokers and dealers including inter-office memoranda and communications.
NASD 2210
This rule states that all sales literature and correspondence needs to be preserved for a period of 3yrs from the date of last use. It should also include the person who approved this literature along with the date that the approval was given.
Sarbanes - Oxley Act
This rule requires public companies to store a copy of all communications (including email) for a period of atleast 5 years. It also requires the company to archive emails that relate to the departments that deal with accounting, audits |
