Chapter 6, Problem 6.17CS6

Explanation of Solution

Analyzing Security Exchange Commission’s (SEC) view:

Yes. The SEC’s view which is discussed in question 6.16 is agreed.

Reason for agreeing Security Exchange Commission’s (SEC) views:

Example:

Consider the example of dealer-broker retention necessities for both integrated software/hardware control codes and software applications.

• Using a system which combines both software and hardware control structures, a dealer-broker cannot violate the rule that avoid overwriting or deletions of records during its required retention period.
• Similarly when using software application that use extrinsic controls, there may be a chance to limit the record accessing using system passwords...