$25 billion.
That’s the cost of compliance in the U.S. Securities Industry for 2005 according to the Securities Industry Association (SIA).
59 percent.
That’s the percentage of respondents to a SearchStorage.com poll that did not know if they were in compliance because they could not figure out what they have to do.
$15 million.
That’s the amount Morgan Stanley was fined for failing to produce tens of thousands of e-mails during SEC investigations from December, 2000 through through July, 2005.
No wonder compliance issues today = fear. They don’t have to.
Compliance is about recordkeeping. The core issue is surprisingly clear — focus on the lifecycle of paper and electronic communications – how information is created, routed, managed, accessed and archived.
Join us tomorrow, November 9, 2006 at 11:00am EDT for my panel discussion with Omtool CTO Thaddeus Bouchard and HP Financial Services Solutions Manager Joseph Wagle to discuss how to make compliance practices a seamless part of your business processes. Register here.