Regulators & Corporations Find Audio Relevant.
Over the last decade, federal and foreign regulatory agencies have increased their investigatory and compliance workload. These agencies have increasingly adopted Nexidia’s Forensic Search to efficiently review thousands of hours of recorded content.
The U.S. Securities and Exchange Commission (SEC), the Federal Energy Regulatory Commission (FERC), and the U.S. Commodity Futures Trading Commission (CFTC) all use Nexidia for investigations into company transactions, and a growing body of trading companies are using Nexidia to help sort through recordings for both regulatory and litigation requests. In addition, Nexidia is used by the U.S. Federal Trade Commission (FTC), OfCom in the UK, and several other foreign regulatory agencies for audio investigations into a variety of commercial activities.
Two industries that generate a great deal of recorded content are Energy and Financial trading. As a result of regulatory inquiries, corporations are often faced with requests for significant volumes of voice recordings and very short deadlines. Content must be reviewed prior to responding to requests, and in most cases Nexidia is the only technology that can make it available for search and review in a timely manner.
Corporate Voicemail Compliance and Internal Investigations
Many companies are deploying Unified Messaging Systems that store voicemails in the email inbox, creating potential discovery issues. Corporate attorneys and compliance officers are increasingly being required to manage audio content in litigation and compliance issues.