Industry Insight
The SEC’s $63 Million Reminder: Recordkeeping Failures Are Still Widespread
The SEC fined 12 major firms $63M for recordkeeping failures. Learn what went wrong, what regulators expect, and how firms can improve compliance.
Financial Services
Every regulated call recorded, kept and ready for the regulator
Argus Archive records your traders', advisers' and front office calls by policy, keeps them for as long as the rules say, and finds the ones you need in seconds when the regulator asks.
Why firms get fined
Regulators keep fining firms for calls that were never recorded or could not be found. These are three of the cases we have written about.
Industry Insight
How Poor Voice Recording Controls Led to a $650,000 CFTC Penalty - and How Regulated Firms Can Avoid the Same Mistake
Learn why the CFTC fined a firm $650,000 for recordkeeping failures and how to prevent communications recording compliance breaches.
Industry Insight
When Recording Lapses Lead to Multi-Million Euro Fines: BaFin’s Enforcement Sends a Clear Message
BaFin imposed over €23 million in fines for MiFID II recordkeeping breaches. Learn what triggered the enforcement and how firms can strengthen compliance.
The rules you work under
| Rule | What it asks | How Argus Archive helps |
|---|---|---|
| MiFID II | Record calls that lead or may lead to a trade, and keep them for 5 years (7 if the regulator asks) | Records by policy, keeps each record for as long as its rule says |
| FCA (SYSC 10A) | The same duty for UK firms | Records by policy, keeps each record for as long as its rule says |
| FINRA 3110 | Supervise business communications | Alerts with an owner and a status, retention by rule |
| CFTC 1.35 | Keep oral communications about trades for at least a year | Records by policy, retention by rule |
| MAR (Article 11) | Keep records of market soundings for at least 5 years | Records by policy, legal hold, cases |
How Argus Archive keeps you ready
From the first word of a call to the regulator's question, every step is covered.
Every regulated call, kept
Calls are recorded by policy, so no one has to remember and users can't skip it. Each record is kept for as long as its rule says.
- Up to 10 years, then deleted automatically
- Legal hold keeps what an investigation needs
Misconduct caught while the call is live
AI checks every conversation, not a random sample, and flags risky remarks inside Teams during the call.
- Every alert has an owner, a status and a history
- Proof of review for your supervisors
Ready when the regulator asks
Search by meaning, person, date or tag, or ask Argus AI, and jump to the moment that matters.
- Keep the evidence together in a case
- Ask Argus AI, with every answer linked to its calls
Does Argus Archive help with MiFID II?
Yes. Calls are recorded by policy, kept for as long as MiFID II requires, and found again in seconds when the regulator asks.
Does it help with FINRA supervision?
Yes. AI reviews every call, and every alert has an owner, a status and a history, so you can show it was reviewed.
Can we record advisers' calls with clients in Teams?
Yes. Teams calls and meetings, and phone calls through Teams Phone, are recorded for the people you choose.
What about mobile phones?
Calls made in Teams on a mobile are recorded under the same policy. Calls outside Teams, such as a personal mobile number or WhatsApp, are not.
How long does setup take?
There are no servers to install. Your IT admin signs in with their Microsoft work account, and Argus guides them through turning on Microsoft Teams compliance recording.
How much does it cost?
Argus Archive is priced per user, per month, with usage included, and you're warned before you go over.
See every regulated call recorded and ready
Built by the people who created market-leading compliance recording and archiving products. Talk to us to see recording, review and search for your front office.