Regulatory Compliance

Regulatory Compliance and Records Management

STORMATRIX regulatory compliance and records management solutions help businesses overcome the challenges posed by the growing body of legal and technological requirements governing digital records management and data storage practices.

The gamut of both existing, as well as emerging, regulations cuts across the spectrum of IT infrastructures in the financial services, healthcare, and pharmaceutical industries — not to mention governmental agencies themselves. A sampling of existing regulations are noted below:

17 C.F.R. 240.17a-3 & 4

These US Securities and Exchange Commission (SEC) regulations apply to all broker/dealer institutions and define record creation, retention and management requirements.

NASD 3010 and 3110

The National Association of Securities Dealers (NASD) has adopted policies governing the supervisory review of broker email and the retention of customer records and transaction data in an auditable format.

HIPPA

The Health Insurance Portability & Accountability Act applies to all healthcare providers, insurance payers, clearinghouses and medical billing services. It defines strict regulations requiring the protection and privacy of personal health information and imposes specific backup, disaster recovery, and media management procedures on the maintenance of this information.

Sarbanes-Oxley Act of 2002

Officially known as the “Public Company Accounting Reform and Investor Protection Act,” the more commonly referred-to “Sarbanes-Oxley Act of 2002” is overseen by the SEC and governs the accounting practices of publicly traded firms, including internal controls and audit requirements. Criminal prosecution at the executive level is now a very real consequence for records mismanagement within the corporate IT substructure.

To protect your organization as it transacts business in the regulatory minefield, STORMATRIX offers integrated hardware and software solutions that are specifically targeted to each industry’s unique compliance landscape.

We are here to help! Please contact your local STORMATRIX sales representative for more information.

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