Broker-dealers can stop burning records to CD, but they don’t have to, says SEC
"In the 25 years since we last updated these rules, technology has transformed, and not only in the sense that iTunes has shut down."
Quipping about the CD-ROM's write-once/read-many format, Gensler added:"You might say, as Shakespeare once did, that even a worm will turn."The WORM reference is because the current recordkeeping rule – conceived of in 1997 – requires firms to preserve electronic records exclusively in the non-rewriteable, non-erasable format.
With the updates, broker-dealers can now save their records to the cloud along with an audit trail that records any changes in the documents – or contract that work out to a third party. The amendments appear to be an alternative rule, though, meaning brokerages can just stick to burning data onto CD-ROM, should they wish.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Aldi announces plan to build new supermarket in GlasgowSupermarket chain Aldi is planning to build a new store in Glasgow with 35 new jobs.
Lire la suite »
Would You Try The ‘Soft Wolf Cut’? It’s The Style Everyone’s Getting This SeasonJennifer Lopez's new cut is giving new-season hair inspo
Lire la suite »
Game Pass title Floppy Knights gets free Graveyard Shift content updateFloppy Knights gets new story and challenge levels, a new biome, and new cards in Graveyard Shift: a free content update out now.
Lire la suite »
McVay: New offer likely for Beckham Jr.Rams coach Sean McVay addressed comments Odell Beckham Jr. tweeted Wednesday about an offer he received from the team, indicating that the initial offer Los Angeles made to the receiver would not be the final effort. Beckham expressed frustration with the offer he received from the Rams, writing...
Lire la suite »