Risk to your compliance strategy is everywhere. Fines for non-compliance in the United States are regularly in the hundreds of millions of dollars. Last year FINRA issued $93.9 million in fines for non-compliance. And in 2015 the Securities and Exchange Commission fined a large wealth management firm $267 million.
Wealth Advisors need to look at all the areas that put their client’s security and their reputation, at risk. Printers, copiers and fax machines are often overlooked when assessing risk. Did you know that 90% of all security incidents can be traced back to people, and 21% of data breaches involve printed paper records?
In this one-hour complimentary web seminar we will examine:
· How financial advisory firms best secure paper documents, from the beginning, in the client on-boarding process
· What automation solutions for MFP, Fax and Printer security exist, that enable safer client information sharing, and lower compliance worries