Business ProblemOur client is a financial services company that is regulated in part by the Financial Industry Regulatory Authority (FINRA). The company was fined millions of dollars for failing to retain a large number of securities-related electronic records in the required format, and for failing to retain certain categories of outgoing emails. They also did not have a reasonable supervisory system in place to achieve compliance with the Securities and Exchange Commission (SEC) and FINRA books and records rules, which contributed to its record-retention failures.Read the entire case study.
