What is SEC Rule 17a4?
SEC Rule 17a-4 is a regulation issued by the U.S. Securities and Exchange Commission pursuant to its regulatory authority under the US Securities Exchange Act of 1934 (Known simply as the “Exchange Act”) which outlines requirements for data retention, indexing, and accessibility for companies which deal in the trade or …
What is a D3P letter?
Rule 17a-4(f)(3)(vii) – Letter of Undertaking Prepared by the Broker Dealer’s Designated Third Party (D3P) to represent the D3P will assist, if requested, in the production of the Broker Dealer’s electronic records.
What is a 17a 3?
Rule 17a-3 requires brokers and dealers to create and preserve comprehensive records of each securities trade, including copies of blotters, account statements, trade confirmations, cancelled checks and more.
What is the Pena rule?
VI. Peña-Rodriguez v. Colorado, 580 U.S. ___ (2017), was a United States Supreme Court decision holding that the Sixth Amendment requires a racial bias exception to the no-impeachment rule.
What is the role of FINRA?
FINRA is authorized by Congress to protect America’s investors by making sure the broker-dealer industry operates fairly and honestly. We oversee more than 624,000 brokers across the country—and analyze billions of daily market events.
Is Office 365 FINRA compliant?
You may already know all about FINRA, the Financial Industry Regulatory Authority, as it is the largest independent regulator of security firms in America, responsible for governing business between brokers, dealers, and the investing public.
What FINRA 2111?
FINRA Rule 2111 requires that a firm or associated person have a reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable for the customer. Brokers must have a firm understanding of both the product and the customer, according to Rule 2111.
Who is Dan Pena’s wife?
Sally Hall
Dan Peña/Wife
Who is Dan Pina?
Daniel Pereira dos Santos de Pina Cabral (Vila Nova de Gaia, 27 January 1924 – Porto, 23 June 2008) was a Portuguese Anglican bishop. He was the ninth Bishop of Lebombo, Mozambique, from 1968 to 1976. He was educated at the University of Lisbon and ordained in 1949.
What FINRA stands for?
Financial Industry Regulatory Authority
Understanding the Financial Industry Regulatory Authority (FINRA) and FINRA Rules. The Financial Industry Regulatory Authority, or FINRA, is a self-regulatory organization that oversees and regulates the actions of its members. Members of FINRA include exchange markets and brokerage firms.
What do you need to know about rule 17a-4?
For emerging technologies that need to understand and document Rule 17a-4 compliance for a platform coming to market. Audits include a complete technical review and a compliance report documenting which requirements have been met. 17a-4 provides compliance reviews of electronic repositories used to retain regulatory records.
What does D3P stand for in SEC 17a-4?
The Securities & Exchange Act of 1934 Rule 17a-4 (f) (2) (ii) requires Broker Dealers to retain a Designated Third Party (D3P) for electronic records archives. D3P’s may be called upon to access and assist a regulator with the production of regulatory records pursuant to a matter.
Who is the designated third party in rule 17a-4?
Rule 17a-4 (f) (3) (vii) – Letter of Undertaking Prepared by the Broker Dealer’s Designated Third Party (D3P) to represent the D3P will assist, if requested, in the production of the Broker Dealer’s electronic records.
What does SEC 17A 4 mean for Office 365?
Microsoft’s position, confirmed by is that Office 365 provides administrators with configuration capabilities within Exchange Online Archiving to help customers achieve compliance with the data immutability and data storage requirements of SEC Rule 17a-4.
