Facing New Technologies

SEC Adopts Rule Amendments to Modernize How Broker-Dealers Preserve Electronic Records


Autor: Funds Society, Miami

  1. The amendments are designed to modernize recordkeeping requirements given technological changes over the last two decades and to make the rule adaptable to new technologies in electronic recordkeeping
  2. The SEC’s broker-dealer electronic recordkeeping rule currently requires firms to preserve electronic records exclusively in a non-rewriteable, non-erasable format, known as the write once, read many format