The SEC and FINRA continue to levy steep fines on wealth management firms for failing to comply with book-keeping and records retention rules, such as storing records in a Write-Once-Read-Many (WORM) format – including meta-data – as well as other compliance requirements. Advisors are asked to maintain particularly high standards of liability with respect to precise record management, so in a time when the proliferation of hybrid workplaces and usage of non-compliant platforms for client communication have become more common, the need for advanced document management technology is critical. The bad news is that many advisory firms are taking shortcuts and using non-compliant file sharing tools that open them up to regulatory exposure, fines and cyber-security breaches, and reputational risk.
Join this complimentary webinar for a compliance and product expert-led discussion regarding best practices and key considerations for seeking out proven solutions. The experts will discuss:
- SEC Rules 17a-f – an explanation of the books and records retention rules in detail.
- How unstructured file sharing tools are violating regulatory responsibilities and inviting costly enforcement actions
- How Laserfiche Enterprise Content Management and Vault can support advisors in complying with SEC Rules 17a-f
- Powerful workflow automation tools that can streamline compliance and insulate firms form regulatory actions
CIMA®, CPWA®, CIMC®, RMA®, and AEP® CE Credits have been applied for and are pending approval.
Sponsored by
Timothy D. Welsh, CFP®
CEO and Founder
Nexus Strategy, LLC
Justin Pava
Director of Product Management
Laserfiche
Davis Janowski - Moderator
Technology Editor
WealthManagement.com