1. SEC 17a-3. This section of the SEC’s guidelines addresses records requirements for certain exchange members, brokers, and dealers.2. SEC 17a-4. This section defines books and records retention and archiving requirements.3. FINRA rule 3510. This section of FINRA’s rules outlines business continuity planning requirements.4. FINRA rule 3010. This section of FINRA’s rules details the requirements for the supervision of member firms. After you become well versed in these four rules, you’ll be ready for the next prerequisite necessary to win business in this market.One of the reasons you should consider specializing in a vertical like finance is because unlike some of the other markets you may sell to, this one is much more concerned about avoiding stiff fines than it is about finding the cheapest IT to keep its business running. Also, once you earn a finance client's business, and they entrust you to protect their sensitive data in the cloud, they are well aware that pulling that data out and moving it to another cloud provider's data center would be a sure trigger for an audit -- something every broker-dealer firm wants to avoid at all costs.
Why FINRA, SEC Regulations Are An MSP's Best Friend
When it comes to selling just about any IT product -- computers, servers, network security software and/or appliances, etc. it can be very difficult to differentiate yourself from your competitors. Maybe their products are a little cheaper but yours have a few different.. Continue