Skokie, IL (PRWEB) April 14, 2014
National Regulatory Services (NRS), part of Accuity, today announced the release of a new module for the NRS ComplianceGuardian™ technology platform. The Personal Securities Trading Module enables firms to automate the process of reviewing the personal trading activities of their access persons. This offering integrates with services provided by the NRS team of consultants to monitor and review trading activity against a firm’s Code of Ethics and provide guidance for corrective actions if necessary.
The new module automatically applies a firm’s personal securities trading policies, as outlined in its Code of Ethics (also maintained in the ComplianceGuardian system), to requested and actual personal trading activity. This module automates the approval, denial, or manual preclearance process and flags actual trading activity that is non-compliant for exception processing.
“With over 75 people convicted of illegal trading activity since 2009, the SEC continues to focus on insider trading by hedge funds and investment advisers,” explains John Gebauer, Managing Director of NRS. “During examinations, regulators carefully review the supervisory and compliance programs in place to detect and prevent any inappropriate activity in this area. It is critical that firms adopt appropriate policies and procedures to achieve this goal. Unfortunately, that often means inefficient manual processes that rely on the tedious tasks of collecting personal trading data from access persons and comparing it against the firm’s Code of Ethics and restricted lists. We now provide a solution to eliminate the otherwise resource intensive approach to personal trading compliance.”
Features and benefits of the NRS PST Module, which comes fully integrated with ComplianceGuardian, include:
NRS ComplianceGuardian offers investment advisers, broker-dealers, and private fund firms best-in-class compliance services, tools, education and consulting in a single online solution. This solution provides a simple, user-friendly Web interface and employs a permission-based user model that matches each firm’s supervisory structure to ensure compliance.
For more information on ComplianceGuardian’s new Personal Securities Trading Module, visit http://www.nrs-inc.com/PersonalTrading.
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National Regulatory Services (NRS) is part of Accuity, the global standard for payment efficiency and compliance solutions. NRS is the US 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 requirement and minimize risk.
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