Every healthy relationship begins with great communication. It’s how first dates morph into long marriages. And it’s how powerful alliances between Broker/Dealers and their regulatory archiving services are built.
When it comes to FINRA archiving regulations, there is no room for error. Creating checklists, backstops, and dual control is imperative. Ensuring that every human element has a substitute and contingency plan permits your organization to handle any variable it confronts. In the world of regulatory compliance and archiving, it’s not a question of if s a record will be requested. It’s a matter of when a record will be requested.
Superior coordination within your organization, and your designated third party for archiving will save you when you least expect it.
Of course, superior coordination demands a commitment to clear communication and a foundation built on realistic expectations, needs, and goals. It demands building a relationship with your archiving service that permits open discussions of challenges that arise, or expectations unmet. Cooperation and coordination permits Broker/Dealers to enhance processes that can improve the entire organization – from Registered Reps on the front line to senior management making high level decisions.
Ready to take that first step. Then pick up the phone. Open the lines of communication with a trusted technology partner. Like us. Patrina. Ask about our comprehensive regulatory archival and compliance solutions specifically designed for Broker/Dealers, RIAs, and FCMs. Or…you could do it all yourself…
Let’s talk (212- 233-1155).