If memory serves me, it requires saving email for the traders only.  There
are vendors who specialize in retaining emails for SEC requirements (Iron
Mtn I believe is one who can assist and I'm sure there are many more).  One
company I worked for kept all email on their traders and backed up daily to
CD (2 copies).  One copy to outside vendor and one copy on site.  All emails
regardless of content.

A new SEC rules also included instant messaging (IM).

Bob Dalton, CRM
Dalton Consulting

-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On Behalf
Of Piotrowski, Charles
Sent: Monday, April 11, 2005 6:37 AM
To: [log in to unmask]
Subject: SEC & e-mail Question

Happy Monday!

I read the RAIN today and the article "E-MAILS become trial for courts,"
in the Chicago Tribune was very provocative and worth sharing with your
General Counsel.

I did have a basic question:

The article stated "The SEC requires securities firms to preserve
e-mails for two years."

Since I don't work in a securities bureau I am a bit unlearned here. I
seek a point of clarification. Did the SEC put this retention on the
medium (e-mail) and not the content? Is it all e-mails regardless of
content?

Just curious!
Thanks

Chuck Piotrowski
CVPS
www.cvps.com
This computer runs on Cow Power!

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