Brokerage Instant Messages Must Be Saved

Posted by simoniker on Wednesday June 18, 2003 @11:09PM from the casual-bathroom-conversations-also dept.

DrEnter writes "According to an AP story on Yahoo!, the National Association of Securities Dealers (NASD) has told its members that they must keep a copy of all instant messages sent or received by employees for at least three years. This is similar to their requirements on keeping e-mail, although technically not nearly as easy. The NASD is a self-regulatory organization, and U.S. federal law requires almost all of the 5,300 U.S.-based securities firms and brokerages to be a member of it. There's a news release from the NASD concerning the requirement - it looks like the daunting technical issues have already resulted in some firms banning the use of IM completely."

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Re:daunting technical issues? by Max+Romantschuk · 2003-06-18 23:15 · Score: 4, Interesting

What daunting technical issues? Nearly every instant messaging client has the ability to always log conversations.

Would you trust your IM to log messages? What if the logging fails? Will your boss listen to you, or would you rather not take the risk at all?

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.: Max Romantschuk :: http://max.romantschuk.fi/