Diversified Information Technologies - Broker / Dealer Industry Solutions

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In 1997, the Securities Exchange Act of 1934 amended Rule17a-4 (f) by allowing Broker-Dealers to store records electronically. This has increased regulatory scrutiny concerning the security and integrity of electronic communications. Additionally, firms must engage an independent third party who can access, verify and download records for regulators in the event the broker-dealer is unable or unwilling to do so.

As the designated third-party vendor, Diversified will provide the following services:
■ Assist the client in gathering policies, procedures and contacts necessary for gaining access to customer facilities and systems
■ Prepare a project manual for both parties incorporating all documentation
■ Provide facilities for downloading regulated records to an approved removable medium
■ Submit registration documentation to the Designated Examining Authority (DEA) specified by the customer
■ Perform periodic audits and tests of its service to demonstrate the ability to access records
■ Provide examiners with the information necessary to download records if the customer is unable to do so directly, or take reasonable steps to access the requested records and download them to an acceptable medium.

For firms looking for a complete solution for compliance with SEC regulations, including Rule 17a-4(f), Diversified offers both compliance and peace of mind. Our qualified management team, consisting of IT professionals and project managers, is experienced with a variety of system configurations, and can perform tests onsite or by remote access. Many of the largest financial services firms in the nation trust Diversified for their information-management services. Call us to find out how we can help your organization as well. Diversified provides Designated Third-Party Services to keep Broker-Dealers compliant with the SEC Rule 17a-4.