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SEC to Wall Street: Don’t Delete That E-Mail

The SEC is now on a roll and leaving no stone unturned. With audits and investigations becoming daily headline source, the Securities and Exchange Commission is now mandating that all securities firms hold on to any and all e-mails regarding all transactions.

I worked for an investment firm for years before coming here and I can honestly say that this is a fantastic idea. There is a certain level of conniving and deceit that goes hand in hand with initial offerings and the like.

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