New AdvisorMail solution to help hedge funds meet SEC Guidelines A new product was recently unveiled by LiveOffice, geared towards helping hedge fund managers to meet the new compliance guidelinesintroduced recently by the US Securities and Exchange Commission. According to the press release, AdvisorMail �is specifically designed for hedge funds needing a fast and easy automated solution formonitoring, archiving and retrieving emails and IMs in accordance with SEC Rule 203(b)(3)-2.�
The new SEC hedge fund regulation law mandates hedge funds to register with the SEC under the Investment Advisers Act of 1940, and includes strict regulations on the handling of electronic communications such as email and IM.
Steve Uhring, vice president of sales and marketing for LiveOffice Corp. said, “The rapid adoption of AdvisorMail has proven that email and instant message compliance doesn’t have to be a budget buster for financial services firms. With AdvisorMail HF, we can now deliver the same rapid implementation and cost effective solution that has worked so well for broker-dealers and investment advisory firms, to hedge funds.”
The new product will electronically monitor, retain and archive thousands of emails, attachments and IMs in a secure location, allowing for the fast retrieval of these communications during audits, investigations or litigation.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net
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