Plugging 17a-4 Data Compliance Holes with FINRA Registered D3P AdvisorVault

AdvisorVault's expertise in 17a-4 data archiving has joined forces with Compliant Workspace's consolidated 365 Service® to provide FINRA firms with a fully compliant and secure solution for migrating onto Microsoft 365.

Start ticking the boxes of FINRA's Cybersecurity Checklist with AdvisorVault's Security Awareness Training Service

Now Small FINRA firms have a sure way to make Office 365 17a-4 Compliant

AdvisorVault is now a certified Microsoft partner able to host Microsoft 365 apps for its customers and give them a Compliant WorkSpace in the cloud

FINRA now allows member firms to use the cloud to store electronic records and emails, however cloud providers will not act as your designated third party (D3P). Therefore, if you are a FINRA firm, such as a broker-dealer, RIA or any other registered firm and want to use the cloud you need to find a D3P that will connect into it and make it 17a-4 compliant.

Despite all the confusion today, there are a few basic things AdvisorVault has learned over the years about 17a-4 that will help keep costs as low as possible yet reduce the risk for small FINRA firms.

AdvisorVault, the only storage provider for small FINRA firms, now has an elegant way to archive cloud data for 17a-4.

FINRA firms who want to use the cloud need to understand a few important things, particularly about SEC rule 17a-4, to make sure they use the cloud compliantly.

By Allan Lonz, President of AdvisorVault. www.advisorvault.org

Because cloud data isn't retained for 7 years, anyone can delete files or emails at any time, and in order to remain compliant to 17a-4, FINRA firms need to add another layer to their cloud storage.

This article discusses best practice for small FINRA firms to tackle the electronic records archiving demand of SEC rule 17a-4