Large and small financial services firms are in danger of heavy compliance fines for email retention and review failure as the regulatory environment becomes more stringent. FINRA fined Metlife $1.2 million in December of 2009 for failing to review emails. A smaller firm was fined $350,000 for email retention failure.
This Securities Law Alert:
- Analyzes the fines
- Explains the regulations surrounding email archiving & eDiscovery