The SEC’s E-mail Crackdown


Broker-dealers say vague wording in SEC rule 17a-4 will make compliance with the rule unnecessarily costly and burdensome.

Last December, when five US broker-dealers--Deutsche Bank, Goldman Sachs, Morgan Stanley, Salomon Smith Barney and US Bancorp Piper Jaffray--agreed to pay fines totalling $8.25 million ($1.65 million each) for failing to preserve e-mail communications, it became clear just how disorganized broker-dealers have been in retaining e-mail records.

In the course of their

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Refinitiv’s PermIDs: Converting needs into opportunity

Refinitiv’s PermID framework was conceived as a proprietary tool to address an internal challenge around identifying objects in the firm’s information model. Once it had proved its worth, it was rolled out to the firm’s clients to significant success.

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