There is a specific moment in an SEC examination when the room gets quiet. The examiner asks for evidence of a control. The compliance officer turns to the IT provider. The IT provider says they “will pull a screenshot.” Then the screenshot does not show what everyone assumed it would show.
Most of the SEC-registered investment advisers I work with run on Microsoft 365. A smaller portion run additional workloads in Azure. The cloud platform itself is not the problem. The problem is how it gets deployed.
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