FINRA
FINRA-Ready Document Management
Document processing with the retention, supervision, and audit capabilities FINRA requires.
Overview
FINRA regulations require broker-dealers to maintain comprehensive records and implement supervision procedures. Document processing systems must support record retention, provide audit trails, and enable review of communications and transaction documents. OdysseyGPT provides the features needed for FINRA-compliant document management.
Key Takeaways
- Process financial services documents with retention and supervision controls for FINRA compliance.
- Retain all processed documents for required periods with WORM-compliant storage options. Index documents for retrieval.
- Write-once-read-many storage options for regulatory record retention requirements.
Key requirements
- Books and Records (Rules 4511-4513): Retain all processed documents for required periods with WORM-compliant storage options. Index documents for retrieval.
- Supervision Requirements (Rule 3110): Review workflows for document processing. Flag documents requiring supervisory review based on content.
- Communications Review: Process and analyze customer correspondence, flagging potential compliance issues automatically.
- Audit Trail Requirements: Complete logging of all document access and processing with user attribution and timestamps.
- Examiner Access: Enable examiner access to documents and logs with appropriate read-only permissions.
Relevant document types
- Customer Account Documents
- Trade Confirmations
- Customer Correspondence
- Compliance Reports
- Advertising Materials
- Account Statements