Finance & Investment Industry Challenges with
Sending Secure Email
Businesses and organizations which manage financial assets
and investments for clients are required by state and
federal laws to use safeguards to ensure that this
information is held confidently and securely. Often, this
means the data is encrypted. Additionally, information is
often backed up offsite securely.
There are various government regulatory authorities created
to help establish best practices and oversee responsible
management of investment assets. On the plus side, investors
are better protected from various fraud, wrongdoing,
neglect, or poor oversight as they engage services in the
finance industry. On the downside, numerous regulatory
authorities create various laws and guidelines that must be
adhered to by investment companies. These regulations can
sometimes be superfluous and overlapping.
Enacted in 2002, Sarbanes-Oxley Act (SOX) plays a
significant role in digital record keeping. Various sections
of the law cover required practices for retention of
documents and data archiving. Similarly, the U.S. Securities
and Exchange Commission (SEC) has additional requirements
around data backup and archiving. Financial Industry
Regulatory Authority (FINRA) is an authorized successor of
National Association of Securities Dealers (NASD) started
for arbitration operations, enforcement and member
regulations related to New York Stock Exchange. FINRA covers
data and records handling, but also requires finance and
investment firms to unconditionally maintain a system to
supervise transactions and correspondence with their users.
The United State Securities and Exchange Commission (SEC)
has created and defined responsibilities for registered
investment advisors (RIAs), one of those being a fiduciary
responsibility. Investment advisors operate under this
fiduciary responsibility and are required to act in their
client's best interests. Besides the essential primary job
of managing a client's investment portfolio properly and
responsibly, these investment advisors must also
safeguarding client information with secure and encrypted
technologies.
The Gramm-Leach-Bliley Act (GLB Act or GLBA), also known as
the Financial Modernization Act of 1999, is a federal law
enacted in the United States to control the ways that
financial institutions deal with the private information of
individuals. So, as you can see, there is no lack of
oversight and legislation surrounding the financial services
industry.
As a result, companies and organizations have flocked to
solutions offering secure, encrypted email and data
services. These companies include banks, insurance
companies, stock brokers, investment advisers, financial
institutions, mortgage companies, clearing houses, online
trading companies, forex and options traders, and many more.
The Net Atlantic Solution
The Net Atlantic Secure Message Suite provides a complete
solution for financial and investment companies and
organizations. Best of all, it is the easiest to use (and
thus enjoys highest adoption and compliance rate) of all the
solutions available.
The Net Atlantic Secure Message Suite complies with
financial digital security regulations on state and federal
levels, including FINRA, GLBA, SOX, and the SEC.
Simply choose your preferred software tool to compose and
send your email: G Suite, Office 365, or Microsoft Exchange.
Send, receive, monitor, and manage all your email securely.
Email message replies are also automatically secured. All
email is fully and completely encrypted and secured and in
full compliance with requirements from oversight and
regulatory organizations.
In addition to sending your email securely, Net Atlantic
provides you with a secure online form to accept information
securely into your enterprise, and ensure full compliance.
Financial regulations and regulatory authorities involved in
finance include:
