Easily Gain Compliance With Financial
The Challenge: Financial Services Firms Must Retain Communications
Regulated financial services companies – including Broker-Dealers, Hedge Funds, and Investment Advisors – are required by law to archive, retain and supervise business communications. Regulations from Financial Authorities such as the Securities Exchange Commission (SEC 17a-4), Financial Industry Regulatory Authority (FINRA 10-06), and the Commodity Futures Trading Commission (CFTC 1.31) lay out specific mandates around communications that must be retained, including those taking place over social media, mobile devices, and financial messaging platforms (e.g. Instant Bloomberg). Failure to comply with these rules can lead to fines and has resulted in a number of high profile enforcement cases where Financial Services firms were penalized for failure to adhere to messaging compliance rules.
The Problem: Most Solutions Required You To Send Your Data To a 3rd Party Archive
How do you retain and supervise messages in order to meet compliance regulations? Most messaging compliance solutions require sending your workforce’s critical, sensitive communications to a third party data store. Moreover, these services require recurring monthly fees for the maintenance of a second archive, in addition to your existing email archive.
The Solution: Merge1 Helps Meet Financial Services Messaging Regulations Efficiently
Since 2005, Merge1 by Globanet has helped Broker-Dealers, Hedge Funds, Investment Advisors, and other regulated Financial Services firms quickly and easily gain compliance with financial messaging regulations. Merge1 was designed to help facilitate compliance by using your current infrastructure.
Merge1 extends your existing email archive to capture various content types and communications channels, including social media, mobile, files and financial messaging platforms like Bloomberg, Symphony, Eikon by Thomson Reuters, FX Connect and ICE Chat. Once messages and content from these platforms are ingested into your archive, they can be retained according to retention rules, supervised for compliance and searched during eDiscovery.
Benefits of Merge1 for Financial Services Firms
- Avoid fines, penalties and other enforcement actions by regulatory bodies such as the SEC and FINRA
- Mitigate risk involving internal investigations, external audits and lawsuits
- Reduce compliance related costs and recurring fees
Merge1 Helps Archive Communications from Leading Financial Platforms
Use your existing
archive and storage
VP Messaging @ BlackRock
"Merge1 is an integral and invaluable tool. My team uses Merge1 to meet company needs for capturing EML/ Reuters, Blackberry, Symphony and Bloomberg data. The product is intuitive, easy to set up, and I appreciate the personalized sale and support attention we receive. I would recommend Merge1 to anyone."