How fast is SEC Rule 17a-4 growing?

SEC Rule 17a-4 is a regulation under the Securities Exchange Act of 1934 that mandates specific recordkeeping and retention requirements for financial firms like broker-dealers, security-based swap dealers, and major security-based swap participants. It ensures complete, accurate, and accessible records, including communications and transaction data. A key requirement is preserving electronic records in a non-rewritable and non-erasable (WORM) format or using an audit-trail system, with records immediately accessible for two years and maintained for at least six years.