4 SEC Doomsday Scenarios Pagefreezer Can Help Prevent

It’s crucial that financial services organizations adhere to official communications and recordkeeping rules. More than ever, the SEC (and other regulators) are scrutinizing how firms communicate with external stakeholders—and how they keep records of these communications.

Traditional discovery is the initial phase of litigation when all parties are required to provide records and evidence relevant to a specific case. However, thanks to the explosion of electronically stored information (ESI), discovery must now work alongside eDiscovery—a process that involves the identification, preservation, collection, retention, and review of data in an electronic format. This makes the discovery exponentially larger and more complex.

Pagefreezer partnered with the Association of Corporate Counsel (ACC) to create a report that examines how in-house legal teams are dealing with modern data sources. The report, called the Collecting Online Data for eDiscovery & Litigation Readiness Report, surveyed 211 in-house counsels across 23 industries and 22 countries.

The Americans with Disabilities Act (ADA) has been law for three decades (it turned 30 in 2020), but it’s fair to say that the world has changed considerably since it was first enacted in 1990.

In an era where a single social media mishap can spiral into a legal nightmare, social media archiving is increasingly becoming a safety net for organizations.

As of 2022, Slack has over 35 million daily active users from one million organizations, like Amazon, PayPal, Target, Airbnb, Shopify, and Pinterest. And there's very good reason for its popularity — when it comes to internal communication and collaboration, its functionality is truly exceptional. But with great power comes great responsibility.

Almost every day after a European football match, there’s another media headline highlighting a player who received racial abuse on social media. Football clubs condemn it. The content gets reported to social media platforms. Accounts are deleted. Authorities are notified and declare a ‘zero tolerance’ policy against discrimination and prejudiced behavior. Many players share the posts, highlighting the racism they continually face.

The digital revolution has transformed the banking industry. As financial services and associated communications move online, it is more important than ever for institutions to manage and control their online presence.

One of the reasons Slack saw such widespread adoption, especially early on, was the fact that companies could use it for free. Like many SaaS tools, Slack operated on a “freemium” model, meaning organizations could use it for free, and then upgrade as their needs grew.

Both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) lay out strict communication and recordkeeping regulations for investment firms and other financial institutions. These rules encompass almost everything, from the recording of investment activities, to how client data should be kept safe, and even the acceptable use of social media.