Globanet Provides Designated Third Party Services for Financial Industry Regulatory Compliance (D3P)

Globanet's Designated Third Party Services allows SEC Members, Brokers, and Dealers to Stay in Compliance with SEC Rule 17a-4

Los Angeles, CA, and New York City, NY (PRWEB) May 4, 2009 -- GLOBANET, an established leader in software and solutions for financial industry regulatory compliance, announced today its Designated Third Party Services for SEC Members, Brokers, and Dealers to satisfy SEC Rule 17a-4. Globanet understands that SEC auditors have increased the demands on broker-dealers to be in compliance with the Designated Third Party (D3P) rule. D3P, from a section of 17a-4, requires every member, broker, or dealer exclusively using electronic storage media for some or all of its records preservation to have an arrangement with a third party who can independently provide the SEC (and self-regulatory bodies) with access to a broker-dealer's records upon request. D3P is designed to ensure that a broker-dealer's records are always accessible to securities regulators.
   
Since 1999, Globanet has been providing compliance solutions and helping firms achieve SEC compliance. Globanet's customers in the financial industry requested Globanet to provide D3P services in 2005. Today, more broker-dealers, including 10 of the nation's top firms, are provided this service from Globanet.

"We recognize the growing demand on broker-dealers to stay in compliance with 17a-4, and since we were already providing compliance solutions to over 80 member firms, this was a natural addition to our suite of products and services," noted CEO, Sevag Ajemian. Diana Torok, a Registered Representative, recognizes "the importance of this service offering, as it will allow firms to stay in compliance and avoid exposing their company to further investigative actions".

We recognize the growing demand on broker-dealers to stay in compliance with 17a-4, and since we were already providing compliance solutions to over 80 member firms, this was a natural addition to our suite of products and services

the importance of this service offering, as it will allow firms to stay in compliance and avoid exposing their company to further investigative actions

For more information about D3P and Globanet Products and Services, please contact Globanet Sales at 310-202-0757 ext 102, mail to: visit Globanet's website: http://www.globanet.com.

About Globanet
Globanet is a software company specializing in archival solutions for the financial industry. Since 1999 Globanet has been a Symantec Enterprise Vault Partner and has deployed some of the most comprehensive archival solutions in the world. An established industry leader, Globanet delivers sophisticated solutions with unrivaled experience and support.

New York Offices: 212-557-9009 x133 | Los Angeles Offices: 888-427-5505 15053 Ventura Blvd, Sherman Oaks, CA 91403 | www.globanet.com

© 2009 Globanet. ALL RIGHTS RESERVED.

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