The New Year in 2016 marks an important shift in business culture. Companies are becoming heavily reliant on mobile devices to conduct their daily business. There is continued pressure to evolve compliance policies and procedures in conjunction with these initiatives. From a regulatory perspective, FINRA and the SEC track these trending shifts in business and have begun 2016 making one thing clear, compliance and cybersecurity will be a central focal point.
FINRA is sending the message that financial firms need to invest in new compliance programs that can help detect market manipulation. The agency also announced they will begin sending report cards to financial firms examining their compliance solutions that prevent market manipulation. FINRA is also examining how a company’s culture affect its risk management protocol. FINRA’s guidance says “it will review cybersecurity policies with respect to governance, risk assessment, technical controls, vendor management, confidentiality as well as data loss prevention”. SEC Chair Mary Jo White said the new priorities reflect areas that “are extremely important to investors and financial institutions across the spectrum.”
MobieGuard, a leader in mobile compliance has a solution catered to address the increased attention from the SEC and FINRA regarding compliance and market manipulation. MobieGuard offers an all in one, network based ,or client based solution, that guarantees firms will be compliant with SEC and Finra regulations. The SEC and FINRA both require the retention and archiving of all electronic communications (see Laws and Regulations) . These regulations include the retention text messages, MobileGuard’s NetGuard and MessageGuard solutions allow for firms to remain in compliance with regulations. Our cutting edge NetGuard solution allows for the capturing of SMS and MMS messages at the carrier level with out an over the top application. This allows companies to operate without any additional hiccups and without even knowing our solution is in place. Try one of our patented solutions free for 30 day, HERE, and stay one step ahead of the tightening compliance regulations.