SEC Electronic Records Retention

The Electronic Records Modernization Task Force of SIFMA provides comments to the Securities and Exchange Commission (SEC) on electronic records retention in accordance with Rule 17a-4(b)(4) and 17a-4(f) of the Securities Exchange Act of 1934 (Exchange Act).  As the result of a request by the SEC during a meeting with SIFMA members, SIFMA sends the Commission survey data regarding the costs of maintaining electronic records.  The survey was conducted among approximately 15 members of SIFMA’s task force and included firms of various sizes.