Financial Data Compliance

Financial Data Compliance, What Do You Need to Know?: eDiscovery Trends

Understanding the different regulatory bodies and how they affect your organization is a vital first step to making sure financial data is safe and meets compliance regulations, as Jim Gill of Hanzo discusses.

Jim’s article (Financial Data Compliance and Enterprise Information Archiving) discusses two of the most common financial regulatory bodies are FINRA and SOX (both of which fall under the purview of the SEC). Let’s take a look at each.

The Financial Industry Regulatory Authority (FINRA) is a non-profit self-regulatory organization covering the securities industry and the New York Stock Exchange, and is overseen by the Securities Exchange Commission (SEC), and its objective is to monitor and regulate stockbrokers and brokerage firms, deter misconduct, and ensure fair financial markets.


The Sarbanes-Oxley Act of 2002 (SOX) was created in response to major accounting scandals in the early 2000’s by Enron, Tyco, and WorldCom to protect investors from fraudulent accounting activities by corporations.

So, what else do you need to know about FINRA and SOX? It’s all in Jim’s post here. It’s just one more click! 😉

So, what do you think? Is your organization affected by FINRA and SOX? Please share any comments you might have or if you’d like to know more about a particular topic.

Disclaimer: The views represented herein are exclusively the views of the author, and do not necessarily represent the views held by my employer, my partners or my clients. eDiscovery Today is made available solely for educational purposes to provide general information about general eDiscovery principles and not to provide specific legal advice applicable to any particular circumstance. eDiscovery Today should not be used as a substitute for competent legal advice from a lawyer you have retained and who has agreed to represent you.


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