SunGard Upgrades Pay-to-Play Tracking in Protegent in Line with SEC Guidelines

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SunGard’s Protegent Personal Trading Assistant (PTA) has been enhanced to include support for the new SEC-mandated pay-to-play requirement for tracking political contributions.

SunGard’s Protegent Personal Trading Assistant (PTA) has been enhanced to include support for the new SEC-mandated pay-to-play requirement for tracking political contributions. The SEC has issued the new rule to prevent pay-to-play practices by investment advisers. Protegent PTA provides firms with a holistic view of an employee’s interactions with compliance responsibilities, including end-to-end personal trading surveillance, outside activity and conflict of interest reporting, as well as certification and attestation of requirements defined by regulatory organizations and internal policies.

Developed with input from SunGard’s Protegent customer base, Protegent PTA helps compliance and legal officers create forms on demand, or by using the best practice templates with automated thresholding and analysis capabilities, as guidance in building out internal policies. In-line workflow helps employees acknowledge and confirm the actual contribution details for a complete record of the transaction. Integrated reports track details of political contributions based on jurisdiction, employee locale, candidate, party and political action committees. Creating proactive alerts via the compliance dashboard, Protegent PTA helps compliance take appropriate action and protect the firm’s greater interests. For suspicious activity or overdue reporting, Protegent’s case management functionality creates a portal for online, documented review and consolidation of activity.

Manoj Pombra, chief compliance officer of Matthews International Capital Management, said, “As a participant of SunGard's Protegent user-group meetings, I provided input to enhance the current SunGard product to comply with the requirements of the new pay-to-play rule. These enhancements, coupled with the current personal trading solution, can help our firm meet the compliance requirements of this new regulation."

Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “Protegent PTA is used by leading financial services firms to administer and automate the employee facing component of a firm’s compliance program. This includes tracking political contributions in line with pay-to-play guidelines and outside activity interests."

About SunGard's Protegent
SunGard's Protegent solutions for compliance, suitability and new account opening help retail and institutional investment firms oversee business processes relating to compensation processing, client acquisition and suitability, including Know Your Customer and OFAC list checking, as well as employees' personal trading and code of ethics, while helping reduce expenses and address regulatory requirements. Protegent supports supervision and surveillance practice, helps streamline the compliance life cycle, proactively monitors trades and provides comprehensive auditing and reporting for financial institutions and companies that trade in energy and commodities markets.

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and Protegent are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries or affiliates in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Adriana Senior
SunGard
718-578-1130
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