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Broker-Dealer manuals, inked with IT

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CIOL Bureau
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WALTHAM, US: Wolters Kluwer Financial Services has announced that E.K. Riley Investments has implemented its Policies and Procedures for Broker-Dealers platform, technology that assembles, records and updates broker-dealer written supervisory procedures manuals required by regulators.

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E.K. Riley, a Seattle-based investment firm, conducted an extensive search to find technology that could help analyze vast amounts of regulatory information, while simplifying the process of compiling and maintaining its policies and procedures manual. After researching a number of compliance technology providers, E.K. Riley concluded that Wolters Kluwer Financial Services’ Policies and Procedures for Broker-Dealers provided the solution it needed.

“Policies and Procedures enables our compliance team to keep up with regulatory change, reduce risk and save valuable time,” said Alexis Vanden Bos, chief compliance officer at E.K. Riley Investments in a press note. “Using this technology, we have been able to compile our policies and procedures manual in a fraction of the time it would have taken to research and write it manually. The updating support it provides will become even more valuable as we face one of the industry’s dramatic periods of regulatory reform, consolidated oversight, and rapid changes in regulation.”

Policies and Procedures for Broker-Dealers is a complete policy management platform that helps firms comply with Financial Industry Regulatory Authority (FINRA), New York Stock Exchange (NYSE), Municipal Securities Rulemaking Board (MSRB), Securities and Exchange (SEC), and USA PATRIOT Act regulatory rules.

Policies and Procedures technology allows compliance officers to easily assemble manuals by providing the most current regulatory information and integrating it with a firm’s existing content. It guides compliance officers through the assembly process, enabling multiple editors, so manuals can also be easily updated whenever regulations, best practices or the firm’s policies dictate. Policies and Procedures also allows the manual to be distributed electronically to the firm’s employees.

“In the current market climate, where there is a big focus on regulatory oversight and reform, firms must keep track of the regulatory environment and make sure they can successfully manage change,” said Anna Monteiro, director of Regulatory Solutions for Wolters Kluwer Financial Services Securities Compliance group. “We offer firms insight and technology that helps ensure their policies and procedures manuals provide the solid foundation every compliance program needs.”