Investment software and systems provider Eze Software Group has enhanced its commission management offering with the web-based tool, Broker Review, which is intended to help buy-side firms efficiently evaluate their brokers, officials say. The Broker Review is a redesign of the broker evaluation tools previously available via separate products within Eze Software’s commission management offering,… Read More >>
FINRA Letter Pushes Building Blocks of Compliance
The Financial Industry Regulatory Authority (FINRA) has released its tenth annual 2015 Regulatory and Examination Priorities letter, pushing broker-dealers toward the “building blocks for a stronger culture of compliance.” The FINRA letter highlights major concerns that firms will face this year in areas such as key sales practices, and financial and operational and market integrity… Read More >>
Ladenburg Thalmann Finishes SSN Addition
Miami-based Ladenburg Thalmann Financial Services Inc., a publicly traded financial services company, reports that it has completed its previously announced acquisition of Securities Service Network, Inc., a broker-dealer, registered investment advisor and insurance agency, based in Knoxville, Tennessee. SSN, founded in 1983, has approximately 450 financial advisors, registered representatives and insurance agents around the country… Read More >>
PIMCO’s Meyn: Better Recs Can Prevent Wrecks
Optimal reconciliation and exception management can catch early on many signs of fraud, rogue trading and other nightmares that have rocked the financial services industry in recent years and should be treated as such, says Cynthia Meyn, executive vice president of operations at Pacific Investment Management Co. (PIMCO), a bond investment giant based in Newport… Read More >>
AxiomSL ‘Computes Haircuts’ to Meet SEC Rules
AxiomSL, a provider of regulatory reporting and risk management software, has unveiled a solution that “computes haircuts,” to comply with the SEC’s regulatory capital and reporting rules for securities broker-dealers, the company says. The solution “assures transparency, traceability and auditability enabling securities broker-dealers to source, calculate, analyze, and generate reports to meet compliance requirements of… Read More >>
Wolters Kluwer Partners with Broadridge Tax Services
Wolters Kluwer Financial Services (WKFS) has partnered with Broadridge Tax Services to develop a comprehensive cost-basis tax reporting and investment compliance solution, according to a statement from Wolters Kluwer. The solution combines the capabilities of WKFS’s GainsKeeper CompleteDebt with Broadridge Tax Data Services to allow broker-dealers to meet tax reporting and reconciliation needs across all… Read More >>
