Is SharePoint 17a-4 compliant?
17a-4 adds new Microsoft Office365 SharePoint interface to the SEC Compliant DeskTop – 17a-4 LLC.
What is SEC Rule 17a-3?
Rule 17a-3(a)(17) requires that the firm periodically furnish account record information to the customer. The requirement to furnish this record to customers is designed to reduce the number of misunderstandings between customers and broker-dealers regarding the customer’s situation or investment objectives.
What is 17a 11?
Necessity of Information Collection. In response to an operational crisis in the securities industry between 1967 and 1970, the Securities and Exchange Commission (“Commission”) adopted Rule 17a-11 (17 CFR 240.17a- 11) under the Securities Exchange Act of 1934 (“Exchange Act”). 1. Rule 17a-11 requires broker- dealers.
What are sea rules?
The law of the sea is a body of customs, treaties, and international agreements by which governments maintain order, productivity, and peaceful relations on the sea. The United Nations (UN) held its first Conference on the Law of the Sea (UNCLOS I) in 1956, which resulted in a 1958 Convention.
Is Office 365 finra compliant?
Microsoft Azure and Office 365 Are Now FINRA and SEC Compliant.
What is worm compliance?
Write Once Read Many Archiving (WORM) WORM compliance refers to an archiving system’s ability to store files in a format that cannot be altered. WORM means that only an act of willful (physical) destruction will remove information from disks before the set retention date.
What records must be kept for the life of a broker-dealer firm?
For example, brokers must retain blotters (records containing details of all purchases and sales of securities) for at least six years. But they must keep copies of trade confirmations for only three years.
Who must follow SEC rules?
Securities Industry Regulations Officers, directors, and principal stockholders (defined as holding 10 percent or more of the company’s stock) of publicly owned companies must submit two reports to the SEC. These are Form 3 and Form 4.
What is the net capital requirements for broker dealers?
A broker or dealer shall maintain net capital of not less than $25,000 if it acts as a broker or dealer with respect to the purchase, sale and redemption of redeemable shares of registered investment companies or of interests or participations in an insurance company separate account directly from or to the issuer on …
Is anything legal in international waters?
Generally speaking, the law of the sea stipulates that maritime countries essentially control their territorial waters from the shore out to a distance of 12 miles (19.3 km), the “12-mile limit.” Within this zone, all laws of that country apply: the country can build, extract natural resources, and either encourage or …
Is Microsoft teams FINRA compliant?
You may already know all about FINRA, the Financial Industry Regulatory Authority, as it is the largest independent regulator of security firms in America, responsible for governing business between brokers, dealers, and the investing public.
What is the purpose of SEC Rule 17a-4?
SEC Rule 17a-4 is a regulation issued by the U.S. Securities and Exchange Commission pursuant to its regulatory authority under the US Securities Exchange Act of 1934 (Known simply as the “Exchange Act”) which outlines requirements for data retention, indexing, and accessibility for companies which deal in the trade or brokering…
When did the Securities and Exchange Commission change the rules?
SUMMARY: The Securities and Exchange Commission adopted amendments to Rules 17a-3 and 17a-4 [17 CFR 240.17a-3 and 240.17a-4] under the Securities Exchange Act of 1934 [17 U.S.C. 78, et seq .] on October 26, 2001.
When did rule 17a-4 require collections of information?
The amendments to Rule 17a-4 require that certain information be kept for prescribed periods of time. The Commission estimates that compliance with the amendments for Rule 17a-4 would require an additional 28,868 hours each year. 16 On April 18, 2002, OMB approved the collections of information contained in the amendments to Rule 17a-4.
When did amendments to Exchange Act rules 17a-3 become effective?
DATES: The effective date of the amendments to Exchange Act Rules 17a-3 and 17a-4 is May 2, 2003. FOR FURTHER INFORMATION CONTACT: Bonnie L. Gauch, Attorney, at (202) 942-0765, in the Division of Market Regulation, Securities and Exchange Commission, 450 5th Street, N.W., Washington, D.C. 20549-0506. SUPPLEMENTARY INFORMATION: