The broker-dealer and RIA sectors have long been aware that the criteria for maintaining and overseeing digital communications are stringent. And unforgiving. has long been aware that the criteria for maintaining and overseeing digital communications are stringent. And unforgiving. See https://www.thinkadvisor.com/2025/10/09/finra-hits-ally-invest-securities-with-850k-fine-over-emails/ for another example. More cases will arise as long as humans are tasked with coding; despite our best efforts, history clearly shows that we are far from perfect. This underscores the need for regular testing to ensure that systems (in this case, e-mail ingestion) are working as intended.

Because broker-dealers, registered investment advisers and their associates want to spend their time serving their clients, not their regulators.

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