Popular on EntSun
- RockNTix takes on the ticketing monopoly with a view to abolishing service fees
- Accendo's Talent Intelligence Platform Secures Pre-Series A Funding from The Hive SEA and OSK Ventures
- AdvisorVault Partners With Compliant Workspace to Help FINRA Firms Achieve 17a-4 Compliance on Microsoft 365
- NBC 4 NY Will Exclusively Air, Stream Live Coverage Of The 262nd NYC St. Patrick's Day Parade
- Latest research shows Australians still not getting annual skin checks with a Health Professional
- Kemah Texas Event - Paranormal Horror Supernatural Book, Charon's Last Call, Release Announced
- Patton Racks Up Another World-class VoIP Industry Certification with Zoom Phone System
- Veterans for Trump issues endorsements in Mississippi, Tennessee, and announces the launch of two new state chapters
- Ibadan Business School Goes Green, To Establish Africa's First Green University
- UKW Media Adds a Vibrant Touch during Women's History Month
Similar on EntSun
- Orbex Introduces Double Profits for New Traders
- Quotehunt.co.uk: Revolutionising the UK B2B Market with Comprehensive Comparison Services for Small Businesses
- Kobie Voted a Top Workplace USA
- Perfect Body Laser and Aesthetics ® Offers Tetra CoolPeel Co2 Laser Skin Resurfacing
- Jennifer S. Wilkov Finalizes Lineup for the 2023 April Speak Up Women Conference
- Doug Brownridge Joins STS Capital Partners
- The In-N-Out Burger Financial Planning Story
- Cash Depot Appoints Tony Gaines as Chief Revenue Officer and Brand Ambassador
- Eddie Turner is Recognized as the #9 Motivational Speaker in the World By Global Gurus!
- Wohler releases out-of-band configuration tools for Riedel 2110 SFP's
How to Simplify Your FINRA 17a-4 Compliance
EntSun News/10977924
AdvisorVault gives broker-dealers a step by step guide on how to simplify your 17a-4 FINRA compliance, especially pertaining to cloud archiving & Microsoft 365 .
ST. PETERSBURG, Fla. - EntSun -- HOW TO SIMPLIFY YOUR FINRA 17A-4 COMPLIANCE:
As a compliance officer for a small - mid sized FINRA firm with a limited budget and no in-house IT staff, reducing tech spending while meeting the compliance demands of rule 17a-4 is a critical concern. While it may seem like a daunting task, today our experts at Advisorvault are going to walk you through this process step by step. In this article we will summarize exactly what you need to do in order to achieve your compliance targets:
The first and most pertinent step is that you need to get everyone in your firm on a complete cloud based platform. Our consolidated Microsoft 365 service is well known as the best option for small - mid sized FINRA firms. This is because for a flat monthly fee 17a-4 compliance is guaranteed while making sure that each one of your employees gets everything they need to do their job.
This includes a full Exchange email account, company-wide data storage on SharePoint, individual data storage on OneDrive, Teams for collaboration, and a centralized web portal for managing everything.
Once everyone is on Microsoft 365, it's essential to migrate all of your data and emails to ensure that information is not stored in multiple locations, leaving gaps in your 17a-4 compliance. This consolidation is a requirement of FINRA, which mandates that electronic records and email archiving be consolidated onto a single platform to facilitate long-term archiving and retention of data for FINRA.
More on EntSun News
The second step in this process is to simplify your data compliance. To do this you must create a clear IT policy that gives clear guidelines to all employees in your firm as to what technology they can and cannot use. This is especially important when it comes to what forms your representatives use to communicate with customers. The compliance officer should sign off on this policy and it should be designed to keep data compliance costs as low as possible.
Once on Microsoft 365, representatives should only use their Microsoft email or Teams to communicate, and the firm's books and records will be stored on SharePoint or OneDrive only. This IT policy makes it clear what data needs to be retained for 17a-4 compliance, making it easier for FINRA during their 17a-4 electronic records request.
The third and final step (also the most important) is to choose a FINRA approved Designated Third Party (D3P) that will guarantee your company is complying with all FINRA regulations, especially relating to rule 17a-4. Choosing the wrong option can end with disastrous results if combined with an audit.
AdvisorVault's consolidated D3P archiving service is an excellent option for small-mid sized FINRA firms. This service archives and retains data for seven years in its original, non-modified format, providing all third party 17a-4 attestation letters when required, and ensuring your firms data is available to FINRA during an audit.
Our consolidated D3P service plugs right into the Microsoft 365 cloud and archives all employees' records on our secure systems in order to meet 17a-4 compliance. This turnkey solution incorporates:
More on EntSun News
In order for a broker-dealer firm to keep data compliance spending as low as possible while complying with FINRA rule 17a-4, they should follow these three simple steps:
1) Move all company data to a fully integrated cloud platform like Microsoft 365
2) Create a clear IT policy directing employees as to which platforms are mandatory for communications (Microsoft email, Teams, SharePoint, and OneDrive).
3) Choose a consolidated D3P like AdvisorVault, to ensure your company is fully FINRA compliant, especially when it comes to 17a-4 cloud archiving and Microsoft 365.
AdvisorVault is one of the only FINRA D3P's with a consolidated data archiving service designed to meet FINRA's stringent data compliance regulations.
Our proprietary approach to data archiving streamlines the process of compliance, providing peace of mind for FINRA firms of all sizes. For one flat monthly fee, it is the only compliant D3P service that a FINRA firm will ever need.
Learn more and get your free consultation today at www.advisorvault.org.
Allan Lonz, President
alonz@advisorvault.org
direct: 416-985-0310
Toll free: 1-866-732-1407 ex 1
As a compliance officer for a small - mid sized FINRA firm with a limited budget and no in-house IT staff, reducing tech spending while meeting the compliance demands of rule 17a-4 is a critical concern. While it may seem like a daunting task, today our experts at Advisorvault are going to walk you through this process step by step. In this article we will summarize exactly what you need to do in order to achieve your compliance targets:
The first and most pertinent step is that you need to get everyone in your firm on a complete cloud based platform. Our consolidated Microsoft 365 service is well known as the best option for small - mid sized FINRA firms. This is because for a flat monthly fee 17a-4 compliance is guaranteed while making sure that each one of your employees gets everything they need to do their job.
This includes a full Exchange email account, company-wide data storage on SharePoint, individual data storage on OneDrive, Teams for collaboration, and a centralized web portal for managing everything.
Once everyone is on Microsoft 365, it's essential to migrate all of your data and emails to ensure that information is not stored in multiple locations, leaving gaps in your 17a-4 compliance. This consolidation is a requirement of FINRA, which mandates that electronic records and email archiving be consolidated onto a single platform to facilitate long-term archiving and retention of data for FINRA.
More on EntSun News
- Aloma Bowling Centers offer limited-time menu, giveaways for March Mayhem
- Protecting and enhancing wildlife populations could be a global warming game changer
- Hai Robotics Wins Innovation Award for Existing Product at Promat 2023
- Artist Anna B is slated for three Louisville performances in April 2023
- 2023 National Farmworker Awareness Week
The second step in this process is to simplify your data compliance. To do this you must create a clear IT policy that gives clear guidelines to all employees in your firm as to what technology they can and cannot use. This is especially important when it comes to what forms your representatives use to communicate with customers. The compliance officer should sign off on this policy and it should be designed to keep data compliance costs as low as possible.
Once on Microsoft 365, representatives should only use their Microsoft email or Teams to communicate, and the firm's books and records will be stored on SharePoint or OneDrive only. This IT policy makes it clear what data needs to be retained for 17a-4 compliance, making it easier for FINRA during their 17a-4 electronic records request.
The third and final step (also the most important) is to choose a FINRA approved Designated Third Party (D3P) that will guarantee your company is complying with all FINRA regulations, especially relating to rule 17a-4. Choosing the wrong option can end with disastrous results if combined with an audit.
AdvisorVault's consolidated D3P archiving service is an excellent option for small-mid sized FINRA firms. This service archives and retains data for seven years in its original, non-modified format, providing all third party 17a-4 attestation letters when required, and ensuring your firms data is available to FINRA during an audit.
Our consolidated D3P service plugs right into the Microsoft 365 cloud and archives all employees' records on our secure systems in order to meet 17a-4 compliance. This turnkey solution incorporates:
- All company users emails
- Complete Outlook profiles
- Contacts and calendars
- Any documents saved in SharePoint and OneDrive
- A full archive of team chats
More on EntSun News
- Orbex Introduces Double Profits for New Traders
- Tech N9ne Surprises Kxng Crooked Interview with I Only Touch Greatness
- Quotehunt.co.uk: Revolutionising the UK B2B Market with Comprehensive Comparison Services for Small Businesses
- Dr. Kelli Ward and Martha Boneta Fain join the advisory board of Legacy PAC , a partner of Veterans for Trump
- 2023 Employee Handbook Templates Now Available
In order for a broker-dealer firm to keep data compliance spending as low as possible while complying with FINRA rule 17a-4, they should follow these three simple steps:
1) Move all company data to a fully integrated cloud platform like Microsoft 365
2) Create a clear IT policy directing employees as to which platforms are mandatory for communications (Microsoft email, Teams, SharePoint, and OneDrive).
3) Choose a consolidated D3P like AdvisorVault, to ensure your company is fully FINRA compliant, especially when it comes to 17a-4 cloud archiving and Microsoft 365.
AdvisorVault is one of the only FINRA D3P's with a consolidated data archiving service designed to meet FINRA's stringent data compliance regulations.
Our proprietary approach to data archiving streamlines the process of compliance, providing peace of mind for FINRA firms of all sizes. For one flat monthly fee, it is the only compliant D3P service that a FINRA firm will ever need.
Learn more and get your free consultation today at www.advisorvault.org.
Allan Lonz, President
alonz@advisorvault.org
direct: 416-985-0310
Toll free: 1-866-732-1407 ex 1
Source: AdvisorVault
Filed Under: Business
0 Comments
Latest on EntSun News
- Love & Drugs 3 Releases Globally
- Doug Brownridge Joins STS Capital Partners
- RockNTix takes on the ticketing monopoly with a view to abolishing service fees
- CSC Motorcycles Announces New Twin Cylinder 650cc Sport Touring Model
- Cargill joins Selerant on stage at American Food Innovate 2023
- The In-N-Out Burger Financial Planning Story
- Cash Depot Appoints Tony Gaines as Chief Revenue Officer and Brand Ambassador
- Bring Your Smartphone to this Landmark Film Festival in San Diego
- Blu Digital Releases First Interactive Cloud-based Automation Platform for Media Quality Control
- Sip Social Co. Partners With Apé Canada For Supply Of Piaggio Apé's
- Back in Action Wraps Production Despite Alleged On-Set Drama Involving Jamie Foxx
- JRP alumnus in post production for new animated movie, "Batman: The Doom That Came to Gotham"
- Marnie & Michael Premiers 2023 Spring Line At One Of A Kind Show
- JRP Alumn set to film Nikelodeon's highly anticipated sequel, The Thundermans Return
- BayView Entertainment Enters into an Agreement to Acquire Distributor Passion River Films
- Eddie Turner is Recognized as the #9 Motivational Speaker in the World By Global Gurus!
- Fabric Launches Origin Data Service for Content Owners
- Dan Devon announces pre-save for new alternative single "moonlit"
- Is A Batman Film Worth Watching Without The Joker Character: The Batman Part II 2025
- Lance Reddick passes away at 60!