Storing data is nothing new for securities firms. In many operations, every action of every executive and staffer, from business transactions to phone calls to emails, is recorded and stored electronically. In the digital era, it's become common practice, a sign of good business management.

But, with the onslaught of high-profile media cases and new regulations handed down from the Securities and Exchange Commission and other government agencies, the issue is not keeping that data "somewhere."

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