Vertafore Alert Service Provides Securities Firms with Late Filing Protection

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The securities industry’s most comprehensive proactive monitoring service

Vertafore (, a leading provider of software and information to the insurance industry, announced today the only automated, proactive securities representative and advisor monitoring and alert service available through the Vertafore Producer Lifecycle Management solution.

In January 2012, the Financial Industry Regulatory Authority (FINRA) reported 97 SEC violations, citations and decisions, with 18 corporate officers and compliance personnel held personally responsible for compliance miscues.

The new monitoring and alert service enables securities firms to eliminate late filings more effectively than ever before by providing advanced notification of representative issues before they become compliance violations, enabling firms to act without putting their representatives’ or advisors’ credit rating at risk. This new service continuously searches available records, delivering timely notifications of a securities firm’s representative and advisor financial and character fitness.

“When it comes to compliance and your reputation, the cost of noncompliance is higher than it would be to invest in preventative measures,” said Tim Owen, vice president, producer lifecycle management of Vertafore. “Vertafore uniquely helps protect securities firms from violations, citations and decisions passed for failure to file timely disclosures. The monitoring and alert functionality can help securities firms comply with FINRA reporting requirements faster and have the power to help keep securities firms out of the news for the wrong reasons.”

Vertafore Producer Lifecycle Management is a comprehensive software and service solution comprised of the Sircon producer licensing platform and the technology and services gained in the 2011 acquisition of Kaplan Compliance Solutions. The Vertafore Producer Lifecycle Management solution leverages deep industry experience, trusted state regulator relationships and innovations in automation to cost-effectively reduce risk and improve representative experience and productivity for insurance and securities companies.

To learn more about a strategic approach to producer compliance and its many benefits, register today for Vertafore’s free web event on April 4, 2012 titled, “Exposing the Cost of Doing Nothing”, featuring industry analyst firm Novarica. Click here to register.

About Vertafore
Vertafore delivers software and services that transform the business of insurance. Unique to the industry, more than 20,000 customers rely on Vertafore to provide integrated technology that connects the entire industry with the most complete source of solutions—agency management, rating and connectivity, content management and workflow, information solutions and producer lifecycle management—so their businesses run better and are more profitable. For more information about Vertafore, please visit

© 2012 Vertafore, Inc. and its subsidiaries. All rights reserved.


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Kellen Davison
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