MGL Consulting and Complinet Inc. Form Compliance Partnership
MGL Consulting Corporation, a leading provider of Risk Management and Business Solutions to the financial services industries, has recently formed an exclusive partnership with Complinet, Inc. a leading online provider of connected risk and compliance solutions to the global financial services community.
Houston, TX (PRWEB) July 28, 2009 -- MGL Consulting Corporation, a leading provider of Risk Management and Business Solutions to the financial services industries, has recently formed an exclusive partnership with Complinet, Inc. a leading online provider of connected risk and compliance solutions to the global financial services community.
In collaboration, the two companies will now offer online Written Supervisory Procedures (WSPs) for Broker Dealers, Hedge Funds and Investment Advisors. These templates can be customized to match the firm's specific requirements and are automatically updated to reflect the latest regulatory developments.
To support the launch of this new collaboration, Complinet will host a webcast on Wednesday, August 5th at 2:00pm EDT entitled "Preparing for the New FINRA Rulebook: Are Your Policies Ready for Implementation? During the web-cast members of MGL's senior staff will be highlighting some of the key changes in the FINRA rulebook that will affect firms over the coming 12 months. Register here for the webcast.
The partnership combines Complinet's technical and regulatory experience with MGL's deep compliance expertise from more than 25 years of field experience in the securities industry.
Complinet's online Policy Management software provides an enterprise-wide solution that directly connects the firm's internal policies with external regulatory rulebooks. The direct connection reduces the potential for firms to miss a rule change, as any regulatory change is automatically alerted to the firm. To provide flexibility, Complinet and MGL offer two options, one that incorporates these updates automatically (managed service) and a second version where the updates are provided but it is up to the firm to decide upon whether to implement them (active service).
The solution also includes a full audit trail of who has read and understood a policy, allowing the firm to evidence supervision if required by the regulator.
About MGL
Established in 1984 and celebrating its Silver Anniversary, MGL Consulting Corporation is a full service consulting firm with a domestic and international practice. The firm provides Risk Management and Business Solutions to broker/dealers, investment advisers and insurance agencies to minimize regulatory threats and capitalize on business opportunities. MGL's complete suite of offerings includes FINRA, SEC, NFA, and CFTC registrations, insurance licensing and appointments, ongoing compliance services, Professional Development programs, Purchasing Group registrations/renewals and consulting services covering a wide spectrum of managerial, financial, regulatory and business expansion challenges.
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