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SEC Rule 17a-4 and FRE Rule 901 |
The Kinamik Secure Audit Vault helps organizations comply with the following regulations:
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SEC Rule 17a-4: Rule 17a-4(f) states that storage systems that store sensitive information must preserve the records exclusively in a non-rewritable, non-erasable format. While the storage medium used in systems (e.g., hard disk) is inherently rewritable, the use of integrated hardware and software can prevent the overwriting, erasure or alteration of the records. This means that the non-rewritable and non-erasable requirement can be achieved without relying solely on the systems' hardware features, which would be for example the case with optical platters, CD-ROMs and DVDs. Kinamik technologies can help organizations achieve this without relying on purely hardware-based solutions, thus providing significant cost-reduction opportunities.
SEC Rule 17a-4 also states that "every such broker and dealer shall preserve [data] for a period of not less than three years, the first two years in an accessible place". The Kinamik Secure Audit Vault allows users to specifically tag each data source with an "automatic expiry" date. At expiry, records are automatically deleted from the system, thereby freeing space for reuse. The system clearly shows if any attempt of deletion or modification has occurred before the previously set period of time is completed.
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FRE Rule 901:
Rule 901(a) of the Federal Rules of Evidence provides a guideline that the authentication of a document that is "satisfied by evidence sufficient to support a finding that the matter in question is what the proponent claims". Kinamik technologies provide mathematical certainty of the integrity and authenticity of the preserved records with extremely low overhead.
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