Risk Alert Reminds Investment Advisers to Retain Copies of Electronic Communication

A Risk Alert issued by the U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations calls out specific electronic messaging covered by the Advisers Act Rule 204-2. The rule requires investment advisors and personnel to keep “originals of all written communications received and copies of all written communications sent” related to specific business activity. In addition, the alert draws attention to advisors who links to information on their social media pages. Read the details along with recommendations of policies and procedures regarding digital communication that advisers may want to implement here.