Securities firms are facing increasing scrutiny from regulators over compliance with SEC, NASD and NYSE requirements relative to retention and supervision of electronic communications. As broker-dealers, these regulations require you to monitor and retain email and instant messages that are pertinent to business internally, to your customers, and to the general public for a minimum of three years.

Communications must be easily accessible, indexed and stored on Write Once Read Many (WORM) media. These regulations are being enforced strongly as seen in August of 2002 when several major brokerage houses reached multi-million dollar settlements with the SEC relative to their inability to produce email messages that should have been retained. While firms want to avoid the risk of fines and sanctions, the costs and workload associated with the supervision and retention of messages can be unwieldy if not managed efficiently.

Message Manager addresses compliance with SEC, NASD, NYSE and Sarbanes-Oxley regulations and provides firms with an effective supervisory workflow offering the lowest total cost of supervision. The solution also achieves a lower Total Cost of Ownership through email and file storage management, as well as discovery and litigation support efficiencies.

• Provides the most accurate and consistent method available to identify and flag message content that has potential infringements with either internal policies or federal regulations
• Demonstrates best-practices with SEC 17a-4, NASD 3010 and 3110 and NYSE regulations
• Provides flexible retention periods
• Provides centralized management of content policies and retains a permanent record of the results and tracks all associated events
• Manages and reduces the organizational risk associated with data retention
• Achieves operational efficiencies and reduces storage costs
• Provides the capabilities to search, discover, and produce relevant information quickly and efficiently
• Reduces your corporate and IT risks and responsibilities