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SIFMA urges SEC to modernize communication recordkeeping rules

Image of a man in a suit using his mobile device.
Photo: Edward Berthelot/Getty Images

Julie DiMauro

6 min read
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SIFMA said these rules need to be redrafted so firms can “more effectively manage their relationships with clients through seamless and modern communication.”

A prominent trade association urged the Securities and Exchange Commission (SEC) to modernize its communications and records retention rules for broker-dealers, investment advisers and other stakeholders.

The Securities Industry and Financial Markets Association (SIFMA) made the call so as to chart a new path forward after the enforcement push during

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