FrontBridge Technologies has announced the appointment of Bernard Goulet as its National Manager of Regulatory Affairs. Goulet will host a series of international seminars, providing counsel to companies reviewing the requirements of more than 10,000 international regulations.
Regulations such as the Data Protection and Freedom of Information Acts in the United Kingdom, to Sarbanes Oxley and Gramm Leach Bliley in the United States place companies are under intense pressure to modify antiquated email communication policies. FrontBridge's comprehensive hosted solutions help companies mitigate the risk of non-compliance. Current legislation stipulates extensive legal actions, fines, sanctions and possible jail time for organisations and their executives for violations related to the retention and monitoring of electronic communications.
Enforcement in 2004 included fines and sanctions from the Securities and Exchange and Federal Trade Commissions, including multi million dollar fines against several well known financial services firms for failing to produce email to federal regulators.
Goulet has more than 15 years of securities experience with firms trading on the Chicago Board Options Exchange, The Pacific Stock Exchange and the Boston Stock Exchange. With his most recent position at George K. Baum in Kansas City, MO, Goulet helped companies prepare for initial and secondary public offerings, specifically with regards to navigating SEC rules. Goulet joins a team lead by Kevin Merritt, vice president of archiving and compliance, who joined FrontBridge after its acquisition of MessageRite in 2004. Prior to joining FrontBridge, Merritt was CIO for Smith Barney, a leading mutual fund company.
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