As of December, 2007 SMS Messaging is currently defined by FINRA as a form of electronic communication and subject to the same rules and supervision applicable to email and IM.  Regulations such as FINRA 17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, and Gramm-Leach-Bliley now apply to SMS Messaging and failing to comply with these can be a costly mistake for any financial institution.  Due to the phone–to-phone nature of mobile communication, complying with these regulations is more challenging then with email or IM, which are easily controlled and archived.  

LegiTime’s Enterprise Server solution is the first product to solve the problem of capturing SMS communication for information control, retention and review, and easily integrates into the enterprise’s existing communication server.  Now employees can use SMS for business purposes while still maintaining the compliance regulations set forth by their institution, government and industry.