SEC 17a-4

SEC Rule 17a-4 (in combination with 17a-3) of the Securities Exchange Act of 1934 necessitates that broker-dealers create and preserve a comprehensive record of each securities transaction and their business in general. These records, which must be easily accessible, are used by the SEC to monitor compliance with applicable laws and regulations such as antifraud provisions and financial responsibility standards.

Compliance with SEC Rule 17a-4 requires that broker-dealers must:

• Transfer and store records in a manner that prevents them from being overwritten, erased, or otherwise altered.
• Have in place a system to show the audit trail of each record and provide verification of receipt by authorized users.

Biscom and Compliance with SEC Rule 17a-4

Biscom Delivery Server offers securities dealers a straight-forward, cost-effective secure document delivery solution that ensures compliance with the law by:

• Encrypting documents and files that contain transaction history and records at rest and in transit.
• Implementing policies that prevent unauthorized personnel from accessing transaction-oriented data.
• Expiring access to documents and files as defined by compliance officers and auditors.
• Providing detailed logs and audit trails of content access, authorization, and usage.
• Supporting regulatory compliance behaviors without changing the way users work.