National Regulatory Services Releases Personal Securities Trading Module for NRS ComplianceGuardian
PR Web |
The new module automatically applies a firm's personal securities trading policies, as outlined in its Code of Ethics (also maintained in the ComplianceGuardian system), to requested and actual personal trading activity. This module automates the approval, denial, or manual preclearance process and flags actual trading activity that is non-compliant for exception processing.
"With over 75 people convicted of illegal trading activity since 2009, the
Features and benefits of the NRS PST Module, which comes fully integrated with ComplianceGuardian, include:
• Automated Trade Preclearance and Exceptions -- This module automatically processes preclearance requests against Code of Ethics trading rules and prior trading activity. Each day, the actual trading data is processed and potential trading rule violations are flagged for further review and resolution.
• Automated Reporting for Annual Holdings,
• Attestations and Automated Archiving -- This module assists in creating the required reports and notifying users to attest to those reports. Attestations, with transaction or holdings information, are archived and exportable to Excel.
• Create and Manage Multiple Restricted Lists Simultaneously -- Based on different trading groups, firms must manage multiple Restricted Lists. These lists can vary within firms and this module allows multiple users within a firm to create different restrictions. Those restrictions can then be applied to individuals or defined groups within the firm.
• Integrated Code of Ethics Trading Rules -- This Personal Securities Trading Module easily creates a Code of Ethics that integrates trading rules so that access persons not only attest to this Code, but also have their trade requests reviewed by the system based on these rules. Trading rules are created using the profile tool which can be changed any time a firm changes its rules.
• Manage Heightened Supervision Individuals Easily -- Every firm abides by a set of requirements regarding individuals that challenge the firm's trading rules. New employees may need more oversight for an initial period of time. Manually reviewing these trades regardless of whether a rule has been violated is as simple as checking a box for that person.
NRS ComplianceGuardian offers investment advisers, broker-dealers, and private fund firms best-in-class compliance services, tools, education and consulting in a single online solution. This solution provides a simple, user-friendly Web interface and employs a permission-based user model that matches each firm's supervisory structure to ensure compliance.
For more information on ComplianceGuardian's new Personal Securities Trading Module, visit http://www.nrs-inc.com/PersonalTrading.
# # #
About NRS
About
At
Read the full story at http://www.prweb.com/releases/2014/04/prweb11755977.htm
Copyright: | (c) 2014 PRWEB.COM Newswire |
Wordcount: | 795 |
Preying On Seniors: Fraud On Rise As Nation Ages And Technology Expands
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News