Adam Torres and Nuri Otus discuss how financial firms can meet their text messaging compliance obligations
- Compliance for firms
- Mobile device management
- Text messaging compliance
Text messaging is the preferred communication method for many. It’s fast, gets the point across quickly and many clients prefer text over the niceties of a phone call. Financial firms are required by compliance to keep a record of these text messages. In this episode, Adam Torres and Nuri Otus, Founder & CEO at txtsmarter discuss technology that allows firms to stay compliant, protecting their firm and advisors alike.
txtsmarter archives and protects non-verbal communication content supporting enterprise mobile collaboration, eDiscovery and major global regulatory compliance for financial services, government, legal services and healthcare.
SEC Rules 17a-3 & 17a-4, Rule 204-2 of the US Investment Advisers Act and FINRA Rule 4511 require all written business-related communications, including email, instant messaging, Bloomberg, Thomson Reuters, text messaging, Twitter, Facebook, LinkedIn, Instagram and all other social media be retained for record retention purposes for all employees.
Only txtsmarter has resolved this huge problem, capturing and syncing data using native SMS applications into platforms protecting regulated industries fully while guarding against spoliation and federal agency compliance infractions. Over 18.7 billion text messages are sent daily, not including app to app messaging. We offer a solution that provides unprecedented capabilities to support monitoring, rules application and pre/post-incident reporting. txtsmarter provides unprecedented capabilities to support monitoring, rules application and pre/post-incident reporting. txtsmarter benefits compliance organizations with significant risk avoidance and cost reductions with quick implementation
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