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

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Contact [log in to unmask] for assistance