Cordium has launched a new electronic communications review service designed to monitor the emails, instant messages and other office communications of broker dealers and registered investment advisers to meet various regulatory and compliance requirements.
The review process, which will be tailored to the requirements of individual users, will include an independent and confidential assessment without bias or complication of internal employee relationships, as well as specific search parameters unique to the regulatory risk profile of the organisation.
The process will also provide documentation and evidence review for records in the event of an audit; and a team of consultants that are trained not only to identify risks and potential issues but also to maintain confidentiality surrounding findings.
Cordium has historically offered electronic communications reviews to its clients as part of its broader compliance consulting program. Thanks to demand from the asset management industry, however, this is the first time that the service will exist as its own stand-alone offering. The retention of electronic records and the monitoring of such items is a requirement under the SEC and FINRA and affects Registered Investment Advisers as well as Broker Dealers.



