Regulatory & Compliance Services
Broadridge Brokerage Processing Services helps broker/dealers and banks of all sizes to meet all of their regulatory and compliance, as well as industry-related requirements. Our comprehensive set of real-time applications and services are continuously monitored and updated to help clients keep pace with the ever-changing rules and regulations of the financial industry. And, because Broadridge is a respected leader in transaction processing and information delivery services, we're frequently asked to participate in industry committees and focus groups responsible for facilitating many of the industry-wide changes.
Broadridge is dedicated to helping your firm compete in today's rapidly evolving financial marketplace. From OATS, 15c-3, and NASD required customer monitoring, to year-end, non-U.S. and U.S. tax reporting, Broadridge provides the depth and breadth of service and industry knowledge necessary to help you stay compliant. Our highly flexible systems and experienced associates provide a winning combination to help make sure your business is operating within the various guidelines set forth by the regulatory authorities. And, because Broadridge is continuously leveraging the strength of the Internet and accompanying technologies, we now provide electronic storage, fulfillment and distribution services for all mandatory industry reporting including proxies, prospectuses, and reorg notices, as well as customer statements and confirms.
On a day-to-day basis, Broadridge supports your brokerage operations starting with the Broker Registration System. This system is populated with information provided electronically by the NASD's Central Registration Depository and provides an on-line repository of state registration and licensing information for all of your account executives. You can also obtain daily exception reports, which identify any erroneous trades that have occurred where an account executive is not registered in the state where the customer resides. In addition, the Broadridge Broker Registration system provides monthly registration data and activity reports for each state. The Broadridge Syndicate and AOM (Advanced Order Management systems also interface with the Broker Registration system on a real-time basis to flag potential regulatory and compliance violations.
To further assist with your regulatory reporting needs, Broadridge offers the Blue Sky Reporting System, which can be integrated with the Broker Registration system for a seamless set of checks and balances. The Blue Sky system provides your firm with daily exception reports showing securities purchased that were not approved for trading in a customer's state of residence. The blue sky information for each security is provided to Broadridge on behalf of its clients by the Blue Sky Data Corp.
Broadridge also offers full monitoring capabilities through its Compliance Monitoring System. This system provides your firm's compliance department with the ability to oversee and supervise all activity in each and every customer account maintained on your books. With sixteen different user-defined parameters, your compliance department has the tools to easily identify any unusual activity within a particular account. And, each month a report is produced that displays all account information that exceeds the user defined criteria. The flexibility of the system also allows you to set flags on a combination of criteria for individual accounts, or use separate parameters for each branch office or type of account, to meet the needs of subsidiaries or correspondents.
With Broadridge's regulatory and compliance support services, you have peace of mind knowing that your firm has the tools to assist you with meeting all of the necessary industry regulatory requirements. And, along with the state-of-the-art systems and technology, Broadridge provides unparalleled world class service including comprehensive conversion plans, proven quality assurance and ongoing technical support!
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