RIA in a Box Blog Complying with SEC Rule 204-2 in 2023: Compliance archiving requirements for RIAs

It's no secret the Securities and Exchange Commission (SEC) has focused in on advisory firms complying with SEC Rule 204-2, which includes specific archiving requirements for all books and records.In a now somewhat infamous case, the SEC fined firms over $1.1 billion for failing to "maintain and preserve electronic communications." And it would appear the SEC's 2023 focus will be no different, with the SEC already bringing a case on a similar record keeping basis. In light of the renewed focus being placed on SEC Rule 204-2, this blog will highlight some of the key compliance archiving requirements for RIAs in 2023 and beyond.