This is true.
All, e-mail, IM or other electronic communications to/from registered
representatives must be retained for 3 years according to SEC Rule 17a4
(the first 2 years worth of data must be in a "readily accessible"
location/format). The storage must also meet specific WORM requirements
to be compliant.
Jason C. Stearns
Assistant Vice President - Records Management
Business Resilience Department
New York Life Insurance Company
51 Madison Avenue - Room 1116
New York, NY 10010
Larry Medina <[log in to unmask]>
Sent by: Records Management Program <[log in to unmask]>
12/20/2006 01:10 PM
Please respond to
Records Management Program <[log in to unmask]>
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Subject
Re: FW: NYTimes.com: Regulator Says Morgan Stanley Withheld E-Mail in
Cases
> TECHNOLOGY | December 20, 2006
> Regulator Says Morgan Stanley Withheld E-Mail in Cases
> By GRETCHEN MORGENSON
> The NASD said Morgan Stanley made false claims that millions of e-mail
> messages in its possession had been lost in the Sept. 11 attack on the
World
> Trade Center.
>
>
>
http://www.nytimes.com/2006/12/20/technology/20email.html?ex=1167282000&en=adf58108434f5621&ei=5070&emc=eta1
Can anyone confirm this comment from the above article?
"Securities and Exchange Commission rules require that firms keep all
e-mails and business communications for three years."
Is it true that "...ALL e-mails and business communications..." must be
kept
for 3 years, or only those pertaining to certain types of transactions???
--
Larry Medina
Danville, CA
RIM Professional since 1972
List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance
List archives at http://lists.ufl.edu/archives/recmgmt-l.html
Contact [log in to unmask] for assistance