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by jcape
4753 days ago
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Typically those sorts of things are required for compliance purposes. Stockbrokers (broker-dealers) are required by the SEC to record all text-based electronic communications, keep 7 years worth of backup on write-once, read-many media (e.g. DVD), and upload copies to a third party (to prevent "sorry, sir, the dog ate all the emails where the traders were talking about rigging LIBOR"-style excuses). I assume there's something similar for US-listed companies, thanks to Enron. |
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