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Financial
Whether you're a two man hedge fund or a multinational trading firm, SEC Rule 17a-4 (in combination with 17a-3) of the Securities Exchange Act of 1934 requires broker-dealers to create and preserve in an easily accessible manner, a comprehensive record of each securities transaction and their securities business in general. These records are used by the SEC to monitor compliance with applicable securities laws including antifraud provisions and financial responsibility standards.
To ensure compliance with SEC Rule 17a-4, broker-dealers must:
- Maintain and retain certain records for the required retention period
- Store the records in a manner that prevents them from being overwritten, erased or otherwise altered
- Have in place a system to show the audit trail of each record and provide verification that the records were not altered
Complying With SEC Rule 17a-4
Casdex makes complying with SEC Rule 17a-4 achievable for the small firm. Casdex helps firms achieve compliance by:
- Providing the ease of use of online storage with the write once, read many functionality required
- Strict retention policy enforcement, customizable for different business rules
- Providing detailed logs and audit trails of content access and usage in a format that can be easily stored, viewed and shared
- Supporting compliance activities without changing the way users work
Protect your data, and your business:
- Without infrastructure investment in enterprise class hardware
- Minimizing storage management overhead
- Following the storage industry's best practices
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