Prospera Financial Services Goes Live with Protegent for Social Media and Website Surveillance

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Prospera Financial Services, a Texas-based broker dealer, is now using SunGard’s Protegent Social Media Surveillance for regulatory compliance and to monitor its advisors’ online activity.

Prospera Financial Services, a Texas-based broker dealer, is now using SunGard’s Protegent Social Media Surveillance for regulatory compliance and to monitor its advisors’ online activity.

SunGard’s Protegent Social Media Surveillance will help Prospera monitor and archive activity and content posted to social networking websites such as Facebook, LinkedIn and Twitter. It will also help Prospera manage the supervisory and books and records requirements set forth by FINRA notice 10-06, which covers blogs and social networking sites, by utilizing tools for moderation and pre-approval of content that may be considered advertisement.

Marco Galvan, information technology manager at Prospera Financial Services, said, “SunGard’s Protegent Social Media Surveillance gives our compliance officers greater confidence in allowing our advisors to participate on social media sites and run their own websites because Protegent helps them monitor that activity and protect the firm from regulatory breech and reputational risk.”

Steve Sabin, chief operating officer of SunGard’s Protegent business unit, said, “SunGard’s Protegent Social Media Surveillance is helping customers like Prospera Financial Services establish and enforce internal social media usage policies, while also helping them mitigate risks and adhere to regulatory obligations.”

About Prospera Financial Services

Prospera Financial Services, Inc., Member FINRA/SIPC, is an independent, privately-owned broker-dealer headquartered in Dallas, Texas. Founded in 1982 by former wirehouse brokers, Prospera Financial offers the flexibility of a boutique paired with the resources only found at some of the nation’s largest brokerages, in part through its correspondent clearing arrangement with First Clearing, LLC, an affiliate of Wells Fargo Advisors.

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 social media policy management, 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.

About SunGard

SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. For more information, please 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 in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Jamie Serino
SunGard
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