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Website & Social Media Archiving

The leading solution for archiving, managing and replaying dynamic web content for the Financial Industry.

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Advancing Web Technologies: a Risk for the Financial Industry

Online marketing/communications can present a challenge for securities traders, investment advisors, banks, and others in the financial services industry. The benefits of advancing technologies must be weighed against the risks associated with non-compliance in the area of books and records retention. Failure to meet the demands of industry standards can result in hefty fines and bad publicity.

 

Web Records Retention & Regulatory Compliance

Multiple sets of guidelines for the financial industry (issued by SEC, FDIC, FSA, SOX, FINRA, and others) demand the preservation of business records (both paper AND electronic) in such a way that the data can be reproduced in a timely and complete manner to a regulator. These requirements are now being extended to include newer tools such as social media platforms, and FINRA has advised that no compliance grace period will be in effect for these new technologies.

 

Website and Social Media Archiving: The Solution

It’s critical that firms implement a robust records retention policy for their websites and social media pages. Should your corporate web presence be investigated or questioned, a perfect representation of your company’s online activity is a necessity — and that’s exactly what PageFreezer provides. Bring your business into compliance with SEC, FINRA, SOX, and other retention regulations by utilizing Pagefreezer’s SaaS-based archiving technology.

 

Resources

FINRA Regulation Notices
FINRA Guidance
FINRA Regulatory Notice 10-06 on Social Media
Summary of NASD Rule 3110 — Books and Records
Federal Rules of Evidence 901 — Data Integrity & Authenticity
SEC — Division of Trading and Markets
SEC — Division of Investment Management
SEC Rule 17 a-4 — Books and Records
Sarbanes-Oxley Act (SOX)
Financial Services Authority (FSA) Handbook (Europe)
FSA Handbook Section 3.2 — see Records Requirements, Sec 3.2.20 (Europe)
Model Requirements for the Management of Electronic Records (MoReq) (Europe)

Social networking sites and blogs raise new regulatory challenges, particularly in the areas of records requirements." Rick Ketchum FINRA Chairman and CEO

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