As financial institutions adopt Bring‑Your‑Own‑Device (BYOD) and Choose‑Your‑Own‑Device (COPE) models, FINRAregulations demand strict controls over data security, communication monitoring, auditability, and record retention. Traditional Mobile Device Management (MDM) tools were designed to manage devices, not enforce data governance or compliance. SyncDog’s Trusted Mobile Workspace (TMV), a containerization solution, addresses these challenges by ensuring compliance with key FINRA rules and modernizing mobile data protection.
Relevant FINRA Regulations on Mobile Security
- Rule 17a-4(f): Requires firms to securely preserve electronic communications (e.g., emails, texts) and ensure they are encrypted and audit-ready. SyncDog’s container ensures FIPS 140-2 encryption and audit logs for all work-related interactions, making compliance seamless.
- Rule 3110: Mandates that firms implement supervisory procedures, including strong access controls. SyncDog provides granular data access policies within its container, ensuring that only authorized users can interact with business-critical information.
- Rule 4511: Ensures that business records are tamper-proof and retained for required periods. SyncDog’s containerized environment guarantees tamper-evident logs and protects sensitive data from unauthorized access.
SyncDog vs. Traditional MDM Solutions
MDM solutions are device-centric, controlling the entire device, including personal apps and data. This broad approach often fails to meet the granular data security and privacy separation required by FINRA.
Feature MDM-based Solutions SyncDog’s Trusted Mobile Workspace Device Control Controls entire device, including personal data Controls only the secure workspace—work data isolated from personal data Encryption Limited to device-level encryption FIPS-140-2, AES-256 encryption in the secure container Personal Privacy Invasive: Tracks personal usage Full separation: No personal data monitoring Data Wipe Remote wipe of entire device (including personal data) Selective wipe: Removes corporate data only Compliance with FINRA Often fails to meet 17a-4(f), 3110, 4511 Meets all relevant FINRA, HIPAA, and GDPR standards
Why SyncDog is the Future of Mobile Security
As the regulatory landscape around data security and privacy continues to tighten, SyncDog offers a future-proofsolution. Its containerization model is specifically designed to meet evolving standards, offering:
- End-to-End Data Encryption: Compliance with FINRA Rule 17a-4(f) for secure data storage and transmission.
- User Privacy: Separation of work and personal data ensures FINRA Rule 3110 compliance without invasive monitoring.
- Regulatory Readiness: Audit logs and selective wipes simplify compliance with FINRA Rule 4511 and other industry standards.
SyncDog’s solution guarantees mobile data security while preserving user privacy—without relying on outdated and invasive MDM systems.
The Bottom Line: SyncDog is the Best Solution for FINRA Compliance
SyncDog’s Trusted Mobile Workspace directly addresses the key compliance issues that financial institutions face in the mobile era, offering:
- Secure containerization of mobile data that ensures FINRA compliance.
- Advanced encryption and audit-ready logs to meet Rule 17a-4(f).
- Protection of personal privacy, in line with Rule 3110.
If you’re working with regulated financial data, SyncDog delivers compliance-grade security without compromising device usability or employee privacy, far beyond what outdated MDM solutions can offer.
Contact us to learn more or request a demo to see SyncDog in action.
