Stay up-to-date with your representative's outside brokerage activity.
As required by FINRA, registered persons must disclose their involvement with brokerage accounts outside their member firm. This rule was put in place to reduce insider trading-related issues and other potential conflicts of interest that can arise from these types activities. To help firms comply, we designed our disclosure tracking service to not only offer a comprehensive online form that walks users through the disclosure process, but we’ve also added the functionality to allow firms to easily manage the intake of statements received from these outside accounts.
Once an outside brokerage activity is disclosed, it’s automatically stored in our WORM compatible compliance management system, assuring that the entire life-cycle of the activity is tracked. Additionally, along with other outside brokerage account-specific reporting options, our system contains a gap report that displays all statements that have been uploaded to the system, while highlighting any gaps that may exist between statements.
Every organization is unique when it comes to monitoring their firm’s compliance needs. That’s why our disclosure tracking service includes a flexible approval hierarchy, which allows administrators to assign supervisors or approvers to specific branches, departments and individuals to ensure that potential conflicts of interest are receiving immediate attention. If necessary, administrators also have the option to override hierarchies so that items that require immediate action can go directly to the final approver.
At Quest CE we understand that there may be certain transactions you want to be notified of due to the nature of your business or the risk it carries. That’s why we designed our system to allow your firm to set up risk alerts that will inform you via email if/when a certain trading activity occurs or a trading limit is exceeded.
Complete the form below to learn more about our disclosure services.