Sticking with WORM may leave advisory firms in the dust
The SEC's amendment to rule 17a-4 represents a tremendous opportunity to bring firms' record-keeping systems into the 21st century.
After the rush to comply with the Securities and Exchange Commission’s new modernized marketing rule, compliance teams are likely looking for a moment to catch their breath. Unfortunately, that doesn’t look as if it’s in the cards, as the pace of regulatory change continues to push forward.
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