Commondesk News
January 5, 2010 - FINRA Issues Guidance to Firms, Brokers on Communications with Public Through Social Networking Websites. Details October 6, 2009 - Survey: Over Half of U.S. Workplaces Block Social Networks. Details September 18, 2009 - Compliance Watch! Social Networking Tests Compliance Officers. WSJ. Details April 27, 2009 - Corporate Blogs and 'Tweets' Must Keep SEC in Mind. WSJ Details April 27, 2009 - Richard Brewer-Hay, part of the next wave of investor relations professionals who are using web 2.0 tools to provide investors with company information. Details March 1, 2009 - CommonDesk will attend the May 5-7, 2009 WES Conference in Orlando, Florida - Details February 2, 2009 - CommonDesk offers free mobile compliance audit to selected companies - Details |
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Home  Why mobile compliance?
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Don’t think you need mobile compliance? Just look at the industry trends for the last few years. As various forms of electronic communication evolve and grow, the SEC reacts by regulating the finance and brokerage industries. Why? These electronic communications may carry crucial business information. Precedents have already been set by other government mandates such as Gramm-Leach-Bliley Act, Sarbanes-Oxley and the Health Insurance Portability and Accountability Act that ensure the privacy of digital information and retention of business-oriented messages for a specified period of time. The SEC added Sec 17A in 1997 even before email growth exploded from 505 million mailboxes in 2000 to 1.2 billion in 2005. Sec 17ax of 2002 followed with additional regulation requirements for IM or instant messaging. IM, widely dubbed as “email without lag time” became widespread in 2003 when 590 million people held IM accounts. RIM BlackBerry usage has become widespread since 2002. NASD RFC 2007 was the first step towards implementing a compliance requirement for mobile messaging that includes all types of RIM BlackBerry messages (including SMS/Text, PIN-2-PIN Messaging and Web Mail).
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