Fox News picked up the Reuters story on the Wall St. firms fined this week (Dec. 3) for not retaining e-mail. Here's the link:
http://www.foxnews.com/story/0,2933,72018,00.htmlMy questions: Does anyone have the link to the SEC or NASD rule that these fines stem from? I need to provide management with some background. I'm researching this separately, but a direct link will save me a step.
Is there any similar guidance for banks, either publicly traded or privately held? Or does this apply strictly to brokerage-related electronic communications?
Thanks in advance for your assistance.