National Regulatory Services Introduces Continuing Education Module v2.0 to ComplianceMAX™ Platform

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Integrated approach to managing and streamlining compliance and operational risk lowers the overall cost and effort of the growing compliance burden on broker-dealers.

Helping broker-dealers gain access to a broader course catalog, Annual Compliance Meetings and additional insurance courseware was our goal for CE Module v2.0. Overall, we aim to help our customers gain economies of scale through ComplianceMAX

National Regulatory Services (NRS), part of BankersAccuity, today announced Continuing Education Module v2.0, an upgraded module of the ComplianceMAX™ (cMAX) technology platform. The upgrade includes additional FIRM Element courses, Annual Compliance Meetings (ACM) and Insurance CE courses as well as improved student alerting, administrator reporting and ease-of-use features.

CE Module is fully integrated with the other modules of the cMAX platform allowing broker-dealers to fully leverage their technology investment by streamlining multiple aspects of compliance operations and requiring fewer software tools. cMAX brings together CE; Training Needs Assessments; Annual Compliance Questionnaires; Advertising Review; Branch Audit technology; Registration Management; Complaints; Gifts & Entertainment; Trade Pre-clearance and other applications all in one place within a common user experience.

The cMAX CE Module has been enhanced with a fully revised user dashboard ensuring ease of use for registered representatives and other supervised personnel. A new alert system notifies students that courses are available and sends reminders to those who have not completed their obligations. The administration of the overall CE program has also been upgraded with detailed student tracking, status and reporting. Other features include:

  •     Program Progress Report: Enables an administrator to obtain a summary for each user’s overall progress against the annual CE program.
  •     Admin Student Progress Report: Provides the ability for an administrator to drill down into the progress (credit status and score) of each CE assignment across the entire user population.

As Mark F. Catone, Vice President for NRS, explains, “Helping broker-dealers gain access to a broader course catalog, Annual Compliance Meetings and additional insurance courseware was our goal for CE Module v2.0. Overall, we aim to help our customers gain economies of scale through the ComplianceMAX platform, delivering one user experience and one consolidated approach to managing multiple aspects of compliance.”

The ComplianceMAX platform serves over 160,000 financial services users across more than 500 firms including broker-dealers, advisers, banks and insurance companies. The platform includes configurable solutions for audit, complaints, registration and more. Backed by a staff of consultants with over 30 years of experience in the compliance industry, each solution is developed with future regulatory reforms in mind.

For more information, please visit http://www.nrs-inc.com/ContinuingEd.

About NRS

National Regulatory Services (NRS) is the nation’s leader in compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions. NRS has the practical expertise, proven capability and unparalleled reach to deliver integrated and effective compliance solutions to a wide range of users within the financial services industry. NRS delivers these solutions through three interrelated offerings – comprehensive education, best-in-class technology and expert consulting services – enabling our clients to meet their regulatory requirements and minimize risk. NRS is part of BankersAccuity, the global standard for payment efficiency and compliance solutions.

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