Quest CE's Social Media Compliance Solution Partners with Erado Archiving Technology

Online, April 2, 2012 (Newswire.com) - As social media use continues to diffuse into the professional atmosphere of the financial services industry, it is important now more than ever for firms to develop a compliance policy and archiving solution, before allowing their representatives to access social media networking sites. The innovative partnership between Quest CE and Erado combine their compliance and technological innovations to drive Quest CE's Codex. Codex is the industry's only turnkey, social media compliance solution for financial services professionals.

Quest CE's Codex provides social media policy and pre-approval attestation services for registered representatives, supervisory and representative social media training, social media representative surveys, and website and blog archiving in native format. Erado archiving technology allows Codex to archive social media content, creating a complete snapshot of all representatives' social media activity. Erado's social media compliance technology assists with the capture, archiving, and journaling of all social content into the firm's preexisting FINRA email archiving account.

Policy maintenance and record keeping of all social media content are two of the primary requirements for all firms under FINRA regulatory notices 10-06 and 11-39. Companies are required to retain social media records related to all broker-dealer businesses, monitor the extent to which employees are complying with policy, and define their compliance solution.

Once a firm defines their social media policy using Codex's Social Media Policy and Template Pre-Approval process, they defend their business practice with Quest CE's social media training and Erado's dynamic, technological solutions. One important feature of this premier partnership is the seamless application of compliance policy, and the capture of all content, including status updates, "likes," messages, and picture posts. If a representative decides to disable the content capturing application, a notification to reinstall the application would be sent to both the user and the compliance officer or program administrator.

Powered by Erado technologies, interactions on Facebook, LinkedIn, Twitter, and blogs are automatically captured with Codex. Erado differs from other technology driven solutions in the way social media content is captured. Content is immediately converted into basic text, and delivered in email form to a firm's active archiving system, ensuring compliance with FINRA archiving regulations. In the highly regulated realm of social media in the financial services industry, Quest CE's Codex partnered with Erado technology, ensures that a firm's best defense is a great offense.

Visit http://www.questce.com/products/codex to learn more about Quest CE's Codex powered by Erado Technology

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