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17a-4 Expands Designated 3rd Party Electronic Records Review

April 07, 2016

17a-4 llc provides Designated 3rd Party services for hundreds of broker dealer clients.  In an effort to continually enhance the Designated 3rd Party annual review, the process now includes many different types of repositories that may fall under the purview of SEC Rule 17a-4. 

Millbrook, NY – 17a-4’s Designated 3rd Party Review now includes over 15 different back-office, general ledger, accounting, AML and other compliance repositories as part of its annual review.  Significantly expanding the scope of the annual Designated 3rd Party reviews, 17a-4 will includes such systems as:

  • OpenText and its IXOS and AXS-One email archives
  • EMC’s Documentum
  • ZL Technologies’ Unified Archive
  • Oracle Mantas
  • Sungard – Protegent
  • Schwab Compliance
  • SAP
  • Delta Data Software’s FUNDLinx
  • Hyland Software’s OnBase
  • Docupace Technologies’ ePACS
  • Thomson Reuters’ BETA Brokerage


SEC’s Rule 17a-4 requires financial institutions regulated by the Securities and Exchange Act of 1934 to retain a Designated 3rd Party to review and assist in the production of electronic records if called upon by the SEC, FINRA or other regulatory organization.  Records are maintained on many different systems including back-office processing, order management, general ledger, accounting, customer complaints, employee trading, etc.

17a-4 continues to build upon its industry leading knowledge of brokerage operations and systems to fulfill Designated 3rd Party responsibilities.  With a strong knowledge of technology, 17a-4 has a unique understanding of the varied platforms used by regulated financial institutions.