RIA Compliance Technology - a Scottsdale, AZ-based provider of compliance management solutions for registered investment advisors (RIAs) - has announced updates to its personal trade monitoring software.
-- Registered Investment Advisors can turn to RIA Compliance Technology for a simpler solution to the submission and approval process for employee trades to eliminate conflicts of interest and the resulting penalties and fines. Thanks to automated software, clients get a unified system that incorporates the recording and tracking of personal securities transactions and personal securities holdings.
More details can be found at https://riacomptech.com/simple-trade-monitor/
RIA Compliance Technology’s Simple Trade Monitor system addresses many common pain points for RIA firms, such as the labor-intensive and time-consuming process of manually checking trades. The company's automated technology incorporates data gathering with built-in compliance checks and processing procedures.
The SEC requires personal trade monitoring for Registered Investment Advisors (RIAs) to prevent conflicts of interest. It prohibits the use of sensitive, insider information for personal gain - and comprehensive record-keeping is required to demonstrate the integrity of investment firm employees.
The company’s personal trade monitor eliminates the need for the gathering and checking of paper investment statements, reducing material waste, and freeing up space needed for paper archives.
In addition, the automated software reduces manual errors and increases efficiency with faster processing. The trade monitor integrates with leading financial data providers’ systems to ensure timely and accurate reporting.
All trades can be reviewed via the online portal. Users can upload their desired restrictions and pre-trade approval parameters and receive automatic notifications when conflicts arise.
RIA Compliance Technology emphasizes the importance of harnessing technology to make regulatory checks and balances easier to implement.
“RIAs can simplify their compliance process, making it more responsive, adaptable, and transparent. In a high-stakes industry, where precision is non-negotiable,” a spokesperson explains. “RIA Compliance Technology offers optimization, enabling firms to stay atop of regulations while providing the best services to their clients.”
The Simple Trade Monitor is part of RIA Compliance Technology’s extensive suite of compliance tools for RIAs, which includes a Compliance Calendar, Form ADV solutions, and archives for email, SMS, and websites.
Interested parties can schedule a 60-minute demonstration session or a 30-minute discovery call with a member of the RIA Compliance Technology team.
For more information, go to https://riacomptech.com/
Contact Info:
Name: Blake Bjordahl
Email: Send Email
Organization: RIA Compliance Technology
Address: 10031 E Dynamite Blvd Suite 240, Scottsdale, AZ 85262, United States
Website: https://riacomptech.com/
Source: NewsNetwork
Release ID: 89156840
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