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RegEd Launches New Education Offering Focused on Cybersecurity Risk Mitigation

November 20, 2014

In response to the growing regulatory focus on cybersecurity awareness and training, RegEd, the leading provider of compliance education to financial services professionals, today announced a new curriculum focused on cybersecurity. The first course, Cybersecurity: Requirements and Risk Mitigation Practices, is now available.

Click here for the complete release.

RegEd, Leading Provider of Compliance Technology Solutions, to Participate in 2014 NSCP Conference

October 16, 2014

StoneRiver RegEd, Inc., the leading provider of compliance technology solutions to the financial services industry, is pleased to announce its participation in the 2014 National Society of Compliance Professionals (NSCP) Conference in National Harbor, MD on October 20-22, 2014.

Click here for the complete release.

Transforming Employees into Online Brand Ambassadors

October 7, 2014

Employees and social media – too risky or an opportunity for success? Many companies are discovering that every single employee has the potential to become a brand ambassador — someone who draws visibility to their workplace and acts as an advocates for the company, both online and off. Social media advocacy in the workplace can lead to authentic relationships, boosted sales and positive branding. In order to help employees reach their online potential, here are three tips on how to transform employees into powerful brand advocates.

Click here for the complete release.

RegEd Compliance Thought Leaders to Present at 2014 SILA National Education Conference

September 24, 2014

StoneRiver RegEd, Inc., a leading provider of technology solutions for compliance and risk management to the financial services industry, including Xchange, the market-leading Enterprise Licensing and Registration solution, announced its participation in the 2014 Securities and Insurance Licensing Association (SILA) Conference in Anaheim, CA on October 5-8, 2014.

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RegEd Expands Enterprise Policies and Procedures Management Solution

August 28, 2014

RegEd, a leading provider of technology solutions for compliance and risk management to the financial services industry, today announced the expansion of the CODE™ Compliance Management Platform, which has been implemented by dozens of financial services firms. CODE™ Written Supervisory Policies and Procedures Management (CODE WSP), is designed to significantly decrease expenses and mitigate risks associated with FINRA compliance.

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StoneRiver RegEd Becomes Oracle PartnerNetwork Gold Level Partner

August 21, 2014

StoneRiver RegEd, Inc., a leading provider of compliance management solutions to financial services firms, today announced that it has achieved Gold Partner status in Oracle PartnerNetwork (OPN). By attaining Gold Level membership, Oracle has recognized StoneRiver RegEd for its commitment to establish Oracle related knowledge in delivering compliance solutions to the broker-dealer market and for uniquely addressing the challenges of joint customers.

Click here for the complete release.

Conferences Have Gone Social, Have You?

June 30, 2014

Savvy business owners and brands are using social media channels, such as Twitter, LinkedIn and blogs, to communicate with customers, build online relationships and tell their stories. This approach to digital marketing has also revolutionized the conference experience.

Click here for the complete release.

RegEd Launches Enterprise Risk Control Center

June 18, 2014

RegEd, a leading provider of technology solutions for compliance and risk management for the financial services industry, announced today the launch of RegEd SCORE™ Risk Control Center, the industry’s first analytics-driven solution that brings together critical compliance and business data to enable Broker-Dealers to identify and manage behavioral and sales practice risk among their registered population.

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RegEd, Leading Provider of Compliance and Risk Management Technology Solutions, to Participate in 2014 FINRA Annual Conference

May 15, 2014

RegEd, the leading provider of compliance and risk management technology to the financial services industry, including the SCORE Risk Control Center, is pleased to announce its participation at the 2014 FINRA Annual Conference in Washington, D.C., May 19th through 21st.

FINRA’s annual conference provides securities industry practitioners with guidance on regulatory priorities and compliance solutions. With interactive forums led by experienced industry veterans and regulators, the FINRA Annual Conference addresses the compliance and regulatory issues investment advisers and broker-dealers face in today’s evolving industry. This year, FINRA will focus on recent regulatory developments and hot topics such as enforcement issues, supervision, and conflicts of interest management.

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Over 100 Financial Services Compliance Professionals, Regulators and Industry Consultants to Attend Third Annual RegEd Compliance Alliance Conference in Raleigh, North Carolina

April 2, 2014

RegEd, the leading provider of compliance technology solutions to the financial services industry, is pleased to announce that its third annual RegEd Compliance Alliance (RCA) Client Conference will be held in Raleigh, NC on April 7th through 9th.

RCA 2014 will bring together more than 100 compliance professionals and industry experts, including regulators and industry consultants, as well as RegEd product leaders and client services professionals, to share compliance, operational and technology best practices.

According to Debra Freitag, RegEd’s Chief Strategy Officer, “Compliance professionals are responsible for ensuring that their firm’s program is rigorously compliant and operationally efficient. They must accomplish this against the backdrop of constantly evolving regulation, while also proactively mitigating risk.” She continued, “The RCA 2014 program, themed “Influencing Change,” has been designed to support compliance professionals champion the changes that are integral to a strong compliance posture.”

Click here for the complete release.

RegEd Advertising Review Compliance Expert to Present at Insurance Advertising Compliance Association (IAdCA) Conference

April 1, 2014

RegEd, the leading provider of enterprise compliance technology solutions to the financial services industry, including the industry-leading enterprise Advertising Review solution, is pleased to announce its participation at the 2014 Insurance Advertising Compliance Association (IAdCA) Conference in New Orleans, Louisiana, on April 2nd through 4th.

IAdCA is a not-for-profit organization whose fundamental purpose is to promote the education of insurance marketing, legal and compliance professionals, as well as to create a beneficial impact on insurance advertising regulation through active participation from these individuals and their industry firms.

Nicole Klemm, Senior Product Manager at RegEd and a featured speaker at this year’s conference will present an overview of RegEd’s Advertising Review solution with a focus on using enterprise technology to drive new levels of efficiency throughout the advertising review lifecycle. Nicole will be joined by Vicki Lins, Advertising Manager at CUNA Mutual Group, and will also present a case study on CUNA Mutual’s enterprise Advertising Review implementation. The session will provide unique insights on how compliance and marketing professionals can maximize the return on their technology investment in this area.

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RegEd’s Margie Webber to Serve as Governance Chair on SILA’s Board of Directors

March 25, 2014

RegEd today announced that Margie Webber has been appointed as the Governance Chair on the Securities and Insurance Licensing Association (SILA) Board of Directors. Webber formerly held the title of SILA President in 2008 and currently serves as RegEd’s Senior Compliance Specialist, responsible for regulatory affairs. This includes conducting research on federal and state insurance and securities legislation, as well as regulations and administrative rules.

SILA is a not-for-profit organization dedicated to providing education and best practices for the insurance and securities industry. The organization provides a venue for industry and regulators to work together to streamline and improve licensing and registration across the country. SILA is governed by a Board of Directors who provide direction and guidance regarding the organization’s operations and functions. The members are comprised of volunteers nominated by SILA membership and voted into office by the Board of Directors.

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RegEd, Leading Provider of Compliance Technology Solutions to Participate in 2013 NSCP Conference.

October 17, 2013

RegEd, the leading provider of compliance technology solutions to the financial services industry, is pleased to announce its participation at the 2013 NSCP (National Society of Compliance Professionals Conference) in Washington, D.C., on October 21st through 23rd. RegEd’s Enterprise Compliance Platform supports FINRA rep and broker dealer compliance; producer/advisor On-Boarding, Licensing and Registration; Social Media and Customer Communications Review, Monitoring and Archival; and, Compliance Monitoring and Conflict Management.

NSCP’s annual conference provides financial services professionals with interactive forums, led by experienced industry veterans, who focus on the practical implementation of compliance policies and procedures. Recognized as one of the most comprehensive educational offerings within the securities compliance industry, the NSCP National Membership Meeting covers more than 80 topics encompassing Investment Advisers, Broker-Dealers, Hedge Fund/Private Fund and Investment Company compliance issues. This year, the NSCP will focus on recent regulatory developments and hot-topics such as enforcement issues, electronic and social communications regulation and international compliance.

Click here for the complete release.

RegEd Releases Major Enhancements to its Compliance Solutions Suite

October 15, 2013

RegEd, the leading provider of enterprise compliance technology solutions to the financial services industry, announced a series of enhancements to its compliance platform and solutions portfolio that enable new levels of operational efficiency and reduce the risk of non-compliance.

The release includes the addition of Online Annotations to RegEd’s Advertising Review enterprise solution. Advertising Review fully automates the customer communications submission, review and approval process, enabling firms to seamlessly comply with communications rules, such as FINRA Rule 2210, and other customer communications regulations. The Online Annotations enhancement enables reviewers to provide timely, consolidated feedback to submitters, speeding client and prospect communications to market, ensuring compliance and maintaining rep satisfaction.

Click here for the complete release.

RegEd to Host Client Advisory Board and Participate in FINRA Advertising Regulation Conference

October 8, 2013

RegEd, a leading provider of technology solutions for compliance and risk management for the financial services industry, including the industry- leading workflow management solution for Customer Communications Compliance Review, announced its participation in the 2013 FINRA Advertising Regulation Conference in Washington, DC. as well as a pre-conference Advertising Review Client Advisory Board.

FINRA’s annual Advertising Regulation Conference provides practical guidelines for complying with advertising rules and regulations for communications with the public in accordance with communication rules such as FINRA Rule 2210, and other customer communications regulation.

Click here for the complete release.

Diane Anderson Joins RegEd as Senior Vice President, Operations

October 3, 2013

RegEd, the leading provider of compliance technology solutions to the financial services industry, announced that Diane Anderson has joined its leadership team in the capacity of SVP, Operations.

Ms. Anderson’s experience includes 25+ years financial services experience in leading client facing Operations and Call Center Services and specific expertise in broker-dealer, distributor and insurance operations including directing regulatory requirements, process improvement and client solutions.

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RegEd Accepted as Registered CE Sponsor by Investment Management Consultants Association

October 1, 2013

RegEd, the leading provider of compliance education, training and compliance technology solutions to the financial services industry, announced its acceptance as a Registered Continuing Education Sponsor of the Investment Management Consultants Association (IMCA®). With this acceptance RegEd now offers online continuing education programs for designees seeking credit toward the CIMA® (Certified Investment Management Analyst®), CIMC® (Certified Investment Management Consultant®) and CPWA® (Certified Private Wealth Advisor®) certifications.

Recognized for delivering premier investment consulting and wealth management credentials, IMCA® sets the standards and practices for the investment management consulting profession and provides investment consultants and wealth managers with the credentials and tools required to best serve their clients. The IMCA certifications require ongoing education to ensure that individuals maintain necessary levels of knowledge and competency. Specifically, certificants must complete and report a minimum of 40 hours of continuing education credit, including two ethics hours, every two years to maintain the certification.

Click here for the complete release.

RegEd Compliance Thought Leaders to Present at the SILA 2013 National Education Conference

September 23, 2013

RegEd, the leading provider of compliance technology solutions to the financial services industry, including Xchange, the market-leading Enterprise Licensing and Registration solution, announced its participation in 2013 Securities and Insurance Licensing Association (SILA) conference in New Orleans.

SILA provides an educational forum for members to exchange information, best practices and ideas that resolve issues common to the industry and to improve licensing and registration across the country. RegEd has supported SILA’s mission for over 15 years, is a SILA Platinum Sponsor and partners with SILA to provide the SILA Digest, a critical compilation of licensing and education requirements for the financial services professional.

Click here for the complete release.

RegEd Announces Expansion of Audit Management Services

July 25, 2013

RALEIGH, NC: RegEd, the leading provider of technology solutions for Audit, Compliance and Risk Management for the financial services industry, announced today that it has expanded its Audit Management capabilities to include branch audit program Consulting Services and Outsourcing Services.

Today RegEd is the market leader in branch audit technology, which is currently employed by broker dealers to manage over 150,000 audits annually. RegEd’s Audit Management solution provides a comprehensive and fully-integrated system for scheduling and conducting branch audits and efficiently managing the post-audit remediation process.

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RegEd Raises Over $11,000 for American Cancer Society

June 4, 2013

RALEIGH, NC: Employees of RegEd, a leading provider of technology solutions for compliance and risk management, raised $11,392 for Relay for Life held on May 31, 2013 to benefit cancer research. RegEd’s efforts were led by its Community Service Team, whose mission is to facilitate opportunities for employees, families and friends to give their time, talent and treasure to service-focused organizations that work for the betterment of people, animals and the environment. Over the past several months, the RegEd Community Service Team has conducted a company-wide effort focused on raising funds to support the Relay For Life of Leesville/Brier Creek/RTP, the signature fundraiser of the American Cancer Society, for the second consecutive year.

Click here for the complete release.

RegEd Announces Strategic Partnership with jaccomo for Data Integration

April 23, 2013

RALEIGH, NC: RegEd, a leading provider of technology solutions for compliance and risk management for the financial services industry, announced today that it has formed a strategic partnership for brokerage data integration with jaccomo, a premier provider of securities operations technology for broker-dealers. Under the terms of the agreement, RegEd and jaccomo will work together to integrate brokerage production data with RegEd SCORETM, a powerful risk analytics platform. SCORE enables firms to actively monitor their advisors for potential behavioral risk, evaluate and act on exceptions, and identify outliers based on pre-set thresholds. Powered by RegEd’s Compliance Data Warehouse, SCORE aggregates compliance data from core RegEd modules, such as advisor credentialing, disclosures, complaints and outside business activities, and integrates it with sales production and other critical business data from internal and external systems.

Click here for the complete release.

RegEd and SILA Continue Partnership to Provide SILA Digest

April 1, 2013

RALEIGH, NC: RegEd and the Securities and Insurance Licensing Association (SILA) are pleased to announce that they have renewed their partnership to provide the SILA Digest. The SILA Digest is a compilation of licensing and education requirements for the financial services professional. The Digest includes charts detailing agency, appointment, producer licensing and continuing education information, as well as many other licensing and education topics, for all state departments of insurance.

Click here for the complete release.

RegEd Extends Communications Compliance Suite with Robust E-mail Archiving Capabilities

January 22, 2013

RALEIGH, NC: RegEd, a leading provider of technology solutions for compliance and risk management, announced today the addition of a robust e-mail archiving solution to its customer Communications Compliance Suite. E-mail remains the hub of messaging in modern business for marketing, operations and service. Integrated with its already successful Social Media Archiving and Surveillance solution, powered by Arkovi, this new module is also seamlessly deployed through RegEd’s platform.

Click here for the complete release.

RegEd Expands Social Media Archiving and Surveillance Solution with a Content Library and Multiple Lexicons Continuing its Leadership in Compliance Technology

January 15, 2013

RALEIGH, NC: RegEd, the leader of compliance technology in the financial services industry, announced today two major features, the social media content library and multiple-lexicons, as part of their Social Media Archiving and Surveillance solution, powered by Arkovi. These features continue a series of major releases on RegEd’s social media archiving, compliance and monitoring platform. With these new capabilities, RegEd continues to lead the way in building innovative solutions to meet the evolving needs of the financial services industry.

Click here for the complete release.

RegEd Named Best Mid-Size Technology Company by the North Carolina Technology Association

November 12, 2012

RALEIGH, NC: RegEd, the leading provider of technology solutions for compliance and risk management for the financial services industry, was named best Mid-Size Technology Company of 2012 by the North Carolina Technology Association (NCTA) at its 21 Awards Gala.

As the recipient of the best Mid-Size Technology Company award, RegEd was recognized for its significant contributions as an outstanding technology company distinguished for its product innovation, market penetration, sales growth and employment expansion.

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StoneRiver Risk and Compliance Acquires Compliance Assurance Corporation

November 8, 2012

RALEIGH, NC: StoneRiver Risk and Compliance (SRC) announced today that it has successfully completed its acquisition of Compliance Assurance Corporation (CAC), recognized for its Comply On Demand Enterprise™ Platform for Regulatory Risk Management. SRC delivers the industry’s widest range of compliance technology solutions and services to insurance carriers and distributors, including insurance brokers and broker-dealers. With the purchase of CAC, StoneRiver expands the breadth of compliance and risk management solutions it offers to insurers.

Click here for the complete release.

RegEd Receives Double Nomination for 2012 NCTA 21 Awards

November 5, 2012

RALEIGH, NC: RegEd, the leading provider of technology solutions for compliance and risk management for the financial services industry, today announced its recognition from the North Carolina Technology Association (NCTA) as a finalist in two different categories of the 2012 NCTA 21 Awards program. These are considered North Carolina’s most prestigious technology awards.

RegEd has been nominated for the Best Product or Service Company, which recognizes a technology company that has developed, implemented or adapted a technology product or service to better serve individuals or business consumers.

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Steve Slaton Joins RegEd as Head of Product Management

November 1, 2012

RALEIGH, NC: RegEd, a leading provider of technology solutions for compliance and risk management, today announced that Steve Slaton has joined the company as an Executive Vice President, Product Management. Steve will be responsible for full life cycle product management for RegEd’s compliance and risk management, licensing and registration, and education solutions. In this leadership role, he will also define the product strategy and manage the prioritization and development of products and delivery of solutions to clients.

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RegEd’s Brian Lora Named CIO of the Year for Innovation and Transformation by Triangle Business Journal

October 18, 2012

RALEIGH, NC: RegEd, a leading provider of technology solutions for compliance and risk management, today announced that its CIO, Brian Lora, has been named CIO of the Year for Innovation and Transformation by the Triangle Business Journal. This is the inaugural year for the CIO awards given by the Triangle Business Journal. The awards program is designed to recognize chief information officers in the Raleigh, Durham and Chapel Hill areas of North Carolina, who have used technology in innovative ways to create competitive advantages, optimize business processes and enable growth. Brian Lora was chosen from a group of twenty-three finalists who represent area industries from Fortune 100 technology companies to banks and institutions of higher education as well as government agencies.

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RegEd CIO, Brian Lora, Named as a Finalist for the 2012 Triangle Business Journal CIO of the Year Award

October 17, 2012

RALEIGH, NC: RegEd, a leading provider of technology solutions for compliance and risk management, today announced that its CIO, Brian Lora, has been named as a finalist for the inaugural CIO of the Year Award by the Triangle Business Journal. The Triangle Business Journal’s CIO awards program recognizes chief information officers, who have used technology in innovative ways to create competitive advantages, optimize business processes and enable growth.

Click here for the complete release.

RegEd Completes Acquisition of Arkovi for Social Media Archiving and Surveillance

October 4, 2012,

RALEIGH, NC: RegEd, the leading provider of technology solutions for compliance for the financial services industry, confirmed today that it has successfully completed its acquisition of Arkovi, the award-winning social media solution for archiving and surveillance

RegEd’s Social Media and Communications Compliance includes Social Media Archiving and Surveillance from Arkovi, Emerald Connect’s social media content and advisor websites, RegEd’s Advertising Review module, and RegEd’s SCORE for Compliance enterprise platform with its Risk Analytics Suite that clients can use to actively track and evaluate all of their compliance efforts. Additionally, RegEd has newly created education on the rules, regulations and best practice for Social Media.

John M. Schobel, RegEd CEO, stated, “With the rapid adoption of Social Media, we wanted to provide clients with a comprehensive solution that addressed all aspects of compliant customer communications. The purchase of Arkovi is the foundation of our Social Media and Communications Compliance suite of products and combined with our sister company, Emerald Connect, we can offer advisors and their firms a dynamic and multipronged approach to expand their footprint through social media while maintaining FINRA and SEC compliance.”

About RegEd

RegEd, a StoneRiver Inc. company, is a leading provider of technology solutions for compliance and risk management serving over 800 enterprise clients including 80 of the top 100 financial services firms. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based compliance automation for broker-dealers, investment advisors, insurance companies and their distributors. Our client-driven solutions deliver superior operational efficiency and enable firms to cost-effectively comply with state and FINRA regulations while mitigating risks before they occur. For more information, please visit our website at: www.reged.com.

On Verge Of Acquisition, Pioneering Social Media Archiver Arkovi Looks Back And Forward

Posted on September 18, 2012 by Pat Allen

… Yesterday, it was announced that RegEd, a leading provider of technology solutions for compliance for the financial services industry, has signed an agreement to acquire Arkovi. After having been launched as a standalone solution for broker-dealers and money managers, Arkovi is destined to become a core component of the RegEd solutions. RegEd already provides a comprehensive suite of workflow-driven automation for financial advisor compliance. With this acquisition expected to close in early October, the start-up has run its natural course.

Click here for the entire blog.

RegEd Announces Agreement to Acquire Arkovi, the Award-Winning Financial Services Provider of Social Media Archiving and Surveillance

Industry Leader Extends Customer Communications Compliance Portfolio with Recognized Innovator for Advisor Compliance Monitoring on Facebook, Google+, LinkedIn, Twitter, YouTube, Blogs and Websites

September 17, 2012 – RALEIGH, NC: RegEd, the leading provider of technology solutions for compliance for the financial services industry, announced today that it has signed an agreement to acquire Arkovi, the award-winning social media solution for archiving and surveillance. The acquisition is expected to close in early October.

This acquisition allows RegEd to provide a new level of value in this emerging and critical area of compliance. Arkovi will be a core component of RegEd’s Social Media and Communications Compliance offering.

Arkovi allows financial services firms to maintain a permanent record of their social media activity for both incoming and outgoing communications through an expansive, “always-on” archiving solution to maintain FINRA and SEC compliance. It is the only solution that supports all major social and web platforms including Facebook, Google+, LinkedIn, Twitter, YouTube, Blogs and websites. And, it delivers this across all devices – PC/Mac, tablets and smart phones – without the need to logon to a portal. The solution is built on a powerful platform and architected by senior compliance and technology professionals with deep experience in the financial services industry and will give organizations the most comprehensive and efficient solution for managing risks associated with social media by their advisors and employees.

Against a backdrop of increased regulatory scrutiny, advisors continue to expand their use of social media to actively engage a new generation of clients. With Arkovi, RegEd clients will have an innovative archiving and surveillance system with the flexibility to promote compliance across all social media outlets. This new module will be seamlessly deployed through RegEd’s platform which already provides more than 500 firms and two million advisors and agents with enterprise level automation for insurance, SEC and FINRA compliance.

John M. Schobel, RegEd CEO, stated, “Our clients have been demanding an integrated solution for social media archiving that is focused on financial services and delivered by a proven and trusted provider. Arkovi and RegEd together provide the answer. Innovation is fundamental to Arkovi and combining this offering with RegEd’s broadly-adopted suite of compliance applications provides a comprehensive and forward-looking solution for the marketplace.”

Arkovi Founder Blane Warrene added, “Deep industry knowledge was the driving force behind our approach to automating the monitoring of social media. RegEd provides a perfect home for Arkovi because of its culture of innovation, regulatory expertise and extensive financial services client base. Personally, I am excited to become part of the most respected team in the industry and look forward to working with RegEd’s clients to ensure that their advisors are able to achieve the success that our rapidly-changing communication environment offers. Even more exciting are the possibilities for what Arkovi’s product will create when combined with the RegEd platform and vision ― our industry has seen nothing like it.”

Financial services firms are already embracing the potential of social media. Ken Kaltman, COO for National Compliance Services, Inc. stated, “As a nationally recognized compliance consulting firm, NCS regularly assesses technology solutions that address regulatory problems. We have many satisfied customers who use both RegEd and Arkovi. This dynamic combination is ideal and will undoubtedly yield multiple benefits for the industry.”

About RegEd

RegEd, a StoneRiver Inc. company, is a leading provider of technology solutions for compliance and risk management serving over 800 enterprise clients including 80 of the top 100 financial services firms. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based compliance automation for broker-dealers, investment advisors, insurance companies and their distributors. Our client-driven solutions deliver superior operational efficiency and enable firms to cost-effectively comply with state and FINRA regulations while mitigating risks before they occur. For more information, please visit our website at: www.reged.com.

MEDIA CONTACT: Elizabeth James, RegEd, 919.653.5439

Survey on Implementation Satisfaction Gives RegEd High Scores
100% of Clients Who Responded to Survey Would Recommend RegEd to an Industry Peer

July 30, 2012

Raleigh, North Carolina: RegEd, a leading provider of technology solutions for compliance and risk management, recently compiled the results of its client survey on product implementation for the first half of 2012. Of the clients that responded, overall satisfaction scores averaged 4.5 out of 5.0. When asked if clients would recommend RegEd, the overwhelming response was “yes,” with 100% of the respondents indicating they would recommend RegEd to a peer.

Click here for the complete release.

Triangle Business Journal Names RegEd’s CFO, Allen Ramsay, as a Finalist for the 2012 CFO of the Year Award

July 9, 2012

Morrisville, N.C.: RegEd, a leading provider of technology solutions for compliance and risk management, today announced that its CFO Allen Ramsay has been named as a finalist for the 2012 CFO of the Year Award by the Triangle Business Journal. The Triangle Business Journal’s CFO awards program recognizes outstanding financial professionals for their fiscal stewardship and their community service record during the past 12 months. The finalists are individuals that have demonstrated deep knowledge and expertise in the community’s financial sector.

Click here for the complete release.

New FINRA Rule on Private Placement Filing Requirements

June 18, 2012

The SEC approved FINRA Rule 5123 on June 7, 2012. An implementation date has not yet been set. The new rule imposes a notice filing requirement on broker/dealers participating in the private placements market. Broker/dealers who offer private placements will be required to provide FINRA, within 15 calendar days of the first sale of the offering, a copy of the disclosure documents they provided to potential investors (i.e. private placement memorandum, term sheet or other offering document). If no disclosure documents were provided to potential investors, the broker/dealer will be required to notify FINRA that no such offering documents were used.

The rule allows for certain exemptions from the requirements. They include, but are not limited to offerings sold to institutional accounts, qualified purchasers, qualified institutional buyers and banks. See SEC Release 34-67157 for a complete list of exemptions.

Resource: SEC Release 34-67157

RegEd Announces Strategic Partnership with MyComplianceOffice for Personal Trading Management and Surveillance

Industry Leader Selects Personal Trading Innovator to Provide Surveillance Engine for Personal Trading Manager Products for Enterprise Firms

May 17, 2012

MORRISVILLE, NC: RegEd, a leading provider of technology solutions for compliance and risk management for the financial services industry, announced today that it would form a strategic partnership with MyComplianceOffice. The partnership presents an integrated offering leveraging the respective strengths of each organization to ensure that broker-dealers, investment advisors and insurance companies have the industry’s most comprehensive and efficient solution for managing risks associated with personal trading by their employees and advisors.

Click here for the complete release.

RegEd Responds to FINRA’s Request for Comment on Ways to Facilitate and Increase Investor Use of BrokerCheck Information

April 25, 2012

RegEd, in a comment to FINRA Notice 12-10, supports the ability of commercial vendors to receive data from CRD on behalf of their clients for their own use in managing their firm and representative data only with the agreement and authorization of each member firm. Providing CRD data to commercial vendors without such authorization, where that data can be reflected to investors, could result in data discrepancies that harm firm and member reputations. Click here to read the entire comment letter.

RegEd Launches New FINRA Suitability Training

March 8, 2012

MORRISVILLE, NC – RegEd is pleased to announce a new offering to help firms meet the challenging and time sensitive new FINRA Know Your Customer and Suitability training required by FINRA Rules 2090 and 2111. RegEd’s offering includes robust new training modules on the Know Your Customer and Suitability requirements, product-specific training and customizable training for complex products for Registered Representatives. All courses are delivered via the RegEd education platform, currently in use by more than 600 broker-dealers to deliver training to their registered rep population. Reps will access the same convenient training platform that they use to access other compliance training, including their Firm Element training and Insurance CE courses.

“At RegEd, our mission is to offer multiple clients an adviser-friendly solution to regulatory requirements as they emerge. To satisfy the new suitability regulations, advisers will use familiar tools to meet new training requirements and can take advantage of superior end-user support. Administrators will benefit from robust new reporting and tracking of the completion data in the same location as other critical compliance data. Of course, we’ll implement this solution rapidly to help firms meet the regulation’s aggressive timelines,” said John M. Schobel, CEO of RegEd.

RegEd’s offering is a complete compliance tracking service that can meet the individual needs of each firm. Firms can select from RegEd’s new library of courses specifically designed to meet the new requirements or can develop custom courseware. Courses can be assigned to specific reps based on the products they sell using a firm’s existing import of rep data and firm hierarchy. Specialized reporting and tracking of the requirement allow for segregation of the compliance data, but still make the data accessible via the same platform used for other compliance needs.

Contact your RegEd Account Manager today to discuss customization of this new solution to fit your needs. If you are not a current RegEd client, please contact us at sales@reged.com or 800.334.8322 option #6.

Progressive Launches Knowledge on Demand

New education portal offers agents free continuing education credits; library of learning materials

MAYFIELD VILLAGE, Ohio (Jan 12, 2012) - Progressive Insurance (NYSE: PGR) unveiled its new online learning portal for independent agents, Knowledge on Demand. With it, agents have another tool to stay competitive and informed to help grow their industry knowledge and their businesses. Progressive hosts the portal within its agency-dedicated website, ForAgentsOnly.com, providing easy access to hundreds of continuing education classes, online training courses and marketing programs. All agency staff members receive two free continuing education classes of their choice, and the option to purchase unlimited continuing education classes at a deeply discounted price.

“With Knowledge on Demand, it’s easy for agents to access tools they can use to stay sharp professionally,” says agency distribution business leader, Karen Barone. “Our new layout puts required courses right at agents’ fingertips, helping them stay on top of state Property & Casualty licensing requirements. We also offer a wide range of learning materials so agents can stay current with all of Progressive’s products and services. It’s another way we’re showing our ongoing commitment to the agency channel.”

The portal’s easy-to-use navigation introduces “Featured Content” for quickly identifying new and important materials, and a “Top 10 List” that promotes courses other agents are accessing most often. These features, along with the portal’s search functionality, puts hundreds of courses and topics within agent’s reach anywhere, anytime. Progressive partnered with continuing education compliance leader, RegEd, to offer agents hundreds of continuing education courses within the portal.

“Continuous training is the foundation that allows agents to grow their business. The more agents know about the products they sell, the better they can market to their customers,” says independent agent Jesus Acosta of Lincoln Insurance Agency. “It’s awesome that Progressive offers free credits to their agents. They’re saving us money and time away from the office by helping us learn about the products we market every day. Having the ability to complete continuing education credits from the comfort of our home or office is a win-win for all agents.”

About Progressive: The Progressive Group of Insurance Companies makes it easy to understand, buy, and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever, and however it’s most convenient for them— in-person with a local agent, online at progressive.com, or by phone at 1-800-PROGRESSIVE.

Progressive offers insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes. It’s the fourth largest auto insurer in the country, the largest seller of motorcycle insurance, and a leader in commercial auto insurance. Progressive also offers car insurance online in Australia at http://www.progressiveonline.com.au.
Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price, the Snapshot Discount, and a concierge level of claims service.

The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.

About RegEd:
RegEd is a leading provider of licensing and registration technology and outsourcing services, broker-dealer compliance management solutions and training and continuing education for financial professionals. Since 1994, RegEd has set the standard in the industry for rule-based compliance automation and technology-enabled outsourcing services. RegEd solutions deliver new levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations.

At One Year Anniversary, RegEd/IRI Annuities Training Platform Delivers More Than 150,000 Courses

MORRISVILLE, NC – RegEd and The Insured Retirement Institute (IRI) today announced that their industry wide solution to the NAIC annuity suitability training requirements, the Annuities Training Platform (ATP), has delivered more than 150,000 courses to financial advisors and insurance producers. This milestone comes as the ATP reaches its one-year anniversary. Since its launch, RegEd and IRI have welcomed more than 40 clients , including most of the top 25 insurance companies, and more than 42,000 advisors and producers who are actively using the ATP platform. The number of advisors and producers using the platform will grow significantly as the NAIC Model law becomes effective for all advisors in the over 40 remaining states which have not adopted the Model yet or which are not currently effective for the much larger existing licensee population.

“Working with the IRI as a strategic partner, RegEd has created something entirely unique: an industry wide solution that aids in the efficient and compliant sale of critical insured retirement products. The clearinghouse we have created, which has been adopted by every major manufacturer of annuities, is a sterling example of RegEd’s mission: using best practices and technology enablement to speed compliance,” said John M. Schobel, CEO of RegEd.

“In just one short year, our platform has become the resource of choice by the financial services industry in meeting the NAIC annuity training requirements,” said IRI President and CEO Cathy Weatherford. “From the early stages of development, it was our goal to ensure that the entire industry had input into the development of this training platform. It is clear that our efforts to bring the industry together to create a seamless and efficient solution have brought us the tremendous acceptance and success that we see today. We thank IRI’s members, and all of the platform’s users, for their support, and we look forward to continuing to work together to ensure the platform continues to be a dynamic educational tool.”

The ATP provides a one-stop national portal for financial advisors and producers to view and complete all required annuity suitability courses, including company specific product training courses, and provides confirmation that all resident and non-resident state requirements have been met. The system determines applicable state annuity training requirements for each financial advisor and producer for all states, and then applies the annuities training course completion(s) to these multi-state requirements. Participating carriers and distributors can view an individual’s real-time compliance with multiple state regulations, and access online reports and receive exports of data on their entire financial advisor/producer population.

Connecticut Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Connecticut has approved their course, NAIC Suitability in Annuity Transactions Model Regulation (390), for 4.0 Law/Regulations/Ethics Hours.

Producers holding a life line of authority on 02/18/2012 and who sell or wish to sell annuity products must complete 4 hours of one-time training in annuities by 08/18/2012. Producers who obtain a life insurance line of authority on or after 02/18/2012 must complete the training before selling annuities products. Insurers must provide product-specific training. Resident and non-resident producers may complete equivalent annuity training in any state. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement Connecticut. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform or for more information contact RegEd at info@reged.com.

FINRA Announces Changes to the Series 7 Exam

Changes to the Series 7 Exam take effect on November 7th, 2011. While the majority of the content remains the same, some new material has been added, and there is a shift in the emphasis placed on certain topics. The most significant change is in the score required to pass: the passing score will increase from 70% to 72%.

Historically, industry-wide pass rates tend to drop immediately after any substantive revamp of an examination, and given the increase in the passing score, this is likely to be the case with the Series 7. We encourage anyone currently studying for the exam, or who anticipates taking the test in the near future, to make every effort to take the exam prior to November 7th.

RegEd is currently evaluating the new content outline and will release updates in the coming weeks to address any relevant content changes in order to ensure that our students are fully prepared for their exams.

Please contact a RegEd instructor at Series7help@reged.com should you have any questions related to these changes. We look forward to helping you succeed!

Resource: New Content Outline

Financial Planning Association Chooses RegEd to Manage Insurance CE Administration

MORRISVILLE, SEPTEMBER 6, 2011 – RegEd is pleased to announce that the Financial Planning Association® (FPA®) selected RegEd to administer its insurance continuing education (CE) program, utilizing RegEd’s industry-leading CourseTrax application and CE administration services. Working with RegEd will provide an enhanced and efficient education experience for FPA members seeking insurance CE through FPA’s various educational programs.

CourseTrax helps RegEd clients understand, facilitate and comply with the complex state insurance and professional designation regulations associated with offering classroom training and webinar programs. RegEd’s CE administration services make compliance efficient and effective, reducing program costs and regulatory exposure.

“We are very impressed with FPA’s CE program,” said John M. Schobel, CEO of RegEd. “FPA members have come to rely on the FPA for quality educational content, and RegEd is pleased to work with FPA to help manage the program’s insurance CE administration.”

“An important FPA member benefit is access to top quality educational programs, many that provide continuing education opportunities,” said Marvin Tuttle, CAE, executive director and CEO of the Financial Planning Association. “We are excited to work with RegEd to provide compliant and efficient CE processing for our state insurance needs.”

RegEd is the leading provider of insurance and securities continuing education and compliance solutions to the financial services industry. Since 1994 RegEd has set the standard in the industry for quality, compliant content, rule-based automation and full-service outsourcing. RegEd solutions deliver unparalleled levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations.

The Financial Planning Association® (FPA®) is the largest membership organization for personal financial planning experts in the U.S. and includes professionals from all backgrounds and business models. FPA members adhere to the highest standards of professional competence, ethical conduct and clear, complete disclosure to those they serve. Based in Denver, Colo., FPA works in alliance with academic leaders, legislative and regulatory bodies, financial services firms and consumer interest organizations. For more information about FPA, visit www.FPAnet.org or call 800.322.4237.

FINRA Submits Rules Changes to SEC for Operations Professional Exam

The Operations Professional exam and registration requirement takes effect on October 17, 2011. FINRA has submitted rule proposals to the SEC in the past week to establish a $125.00 examination fee for the Operations Professional (Series 99) exam as well as exam specifications and content outline. Detail of these submissions can be found via the links below:

  • Proposed Rule Change to Adopt the Selection Specifications and Study Outline for the Operations Professional (Series 99) Examination Program
  • Proposed Rule Change Relating to Fee for the Operations Professional Examination

As a reminder, the Operations Professional registration category must be requested for day-one covered persons on or before December 16, 2011.

These additional registration and examination requirements could quickly become overwhelming if your firm is not prepared to absorb them. RegEd can quickly simplify this transition via bulk registration processes for both new and existing employees.

Contact your RegEd Account Manager today to discuss how our solutions will best fit your needs. If you are not a current RegEd client, please contact us at sales@reged.com or 800.334.8322 option #6.

Resource: Regulatory Notice 11-33 (Operations Professionals)

FINRA Publishes New Social Media Guidance

FINRA has published its long awaited additional guidance relating to the use of social media websites and personal devices for business communications in the form of Regulatory Notice 11-39.

The use of social media and personal devices for business communications is an ongoing and significant challenge for the industry. Firms continue to struggle with how to adopt the use of social media and allow the use of personal devices while achieving and maintaining compliance with applicable recordkeeping and supervision requirements.

RegEd offers a variety of automated online services that empower proactive communications compliance management, from supervisory review of static advertising content through web-based end user attestations and 17a-4 compliant electronic WORM data retention.

Contact your RegEd Account Manager today to discuss how our solutions will best fit your communication needs. If you are not a current RegEd client, please contact us at sales@reged.com or 800.334.8322 option #6.

Resources: Regulatory Notice 10-06 and Regulatory Notice 11-39

New and Innovative IRI/RegEd Annuity Training Platform Features Provide Valuable State Reciprocity Calculations


Enhancements include the ATP to Accept Completion Data from
Other Training Vendors

MORRISVILLE, AUGUST 22, 2011 – RegEd and the Insured Retirement Institute (IRI) announced today significant enhancements to their Annuities Training Platform (ATP). As a direct result of input from more than 30,000 users, in 18 states, the ATP now features valuable real-time state reciprocity calculations and confirmations through an easy-to-navigate interface for users. In addition, the ATP can now accept completion data from other training vendors.

The ATP is designed to be a dynamic interface, one that can both adapt to the varying needs of its users, while adapting to any regulatory changes that may arise. The ATP provides a one-stop national portal for financial advisors and producers to see and take all required courses, including company specific courses, and provides confirmation that resident state requirements have been met. The new enhancements to the ATP allow the system to determine applicable state annuity training requirements for each producer for all states, and then apply the annuities training course completion(s) to these multi-state requirements. In addition to providing financial advisors, producers, carriers and distributors the ability to view an individual’s real-time compliance with multiple state regulations, the system now allows them to apply a single course completion to meet multiple state requirements. Participating carriers and distributors can utilize reports and exports to receive data on their entire financial advisor/producer population.

“With this release, we have made complex requirements simple. Working with our Client Advisory Board of top carriers, we have invested substantially to create the only compliance engine that can deliver the complex calculations required to ensure that producers satisfy their requirements,” said John M. Schobel, Chief Executive Officer of RegEd. “New annuities training regulations are incredibly challenging. We continue to maintain our focus on carrier compliance and ease of use for their producers. Allowing independent agents to satisfy their requirements – easily and for multiple carriers – makes sense.”

“Throughout the development of our platform our overriding goal was to create a seamless user experience that was efficient, compliant and easy to use,” said IRI President and CEO Cathy Weatherford. “By incorporating user feedback to develop this new feature, we have been able to strengthen the unique value proposition that only our platform brings to the marketplace. As the industry preferred solution of choice, our ATP will continue to evolve to meet the changing needs of our valued and expanding client base.”

Since its launch in November 2010, RegEd and the IRI have welcomed more than 25 carriers and thousands of producers to the ATP platform. RegEd plans to continue to release several new ATP features to further enhance the producer, carrier and distributor experience.

CONTACT:
Damia Tabachow
RegEd
919-653-5217
damia.tabachow@reged.com

Danielle Holland
IRI
202-469-3007
dholland@irionline.org

Indiana Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Indiana has approved their course, NAIC Suitability in Annuity Transactions Model Regulation – Indiana (390_IN), for 4.0 Hours.

Producers holding a life line of authority on 01/01/2012 and who sell or wish to sell annuity products must complete 4 hours of one-time training in annuities by 07/01/2012. Producers who obtain a life insurance line of authority on or after 01/01/2012 must complete the training before selling annuities products. Insurers must provide product-specific training. Resident and non-resident producers may complete equivalent annuity training in any state. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation – Indiana satisfies the carrier requirement Indiana. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation – Indiana was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform or for more information contact RegEd at info@reged.com.

North Dakota Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that North Dakota has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Annuity.

Producers holding a life line of authority on 08/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 08/01/2012. Producers who obtain a life insurance line of authority on or after 08/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for North Dakota. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to North Dakota, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010.

If your carrier is a participating carrier on RegEd’s Annuity Training Platform your carrier has determined that RegEd’s course, NAIC Suitability in Annuity Transactions Model Regulation, meets the North Dakota annuity training requirement.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

Maryland Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Maryland has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Health.

Producers holding a life line of authority on 11/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 05/01/2012. Producers who obtain a life insurance line of authority on or after 11/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Maryland. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Maryland, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010.

If your carrier is a participating carrier on RegEd’s Annuity Training Platform your carrier has determined that RegEd’s course, NAIC Suitability in Annuity Transactions Model Regulation, meets the Maryland annuity training requirement.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

West Virginia Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that West Virginia has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Hours.

Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/31/2011. Producers who obtain a life insurance line of authority on or after 07/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for West Virginia. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines; however, the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to West Virginia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010.

If your carrier is a participating carrier on RegEd’s Annuity Training Platform, your carrier has determined that RegEd’s course, NAIC Suitability in Annuity Transactions Model Regulation, meets the West Virginia annuity training requirement.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

InvestmentNews Highlights RegEd’s Form ADV Part 2B Solution

RegEd’s compliance management solution for Form ADV Part 2B has garnered attention from InvestmentNews, a weekly online and print publication and leading news source for financial advisors.

Technology writer Davis D. Janowski highlights RegEd’s robust solution in serving both larger RIA firms and broker-dealer firms.

Read the entire article on InvestmentNews here: www.investmentnews.com.

Learn more about RegEd’s Form ADV Part 2B solution here.

South Carolina Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that South Carolina has approved the course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 LAcH hours.

Producers holding a life line of authority on 09/25/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 03/25/2012. Producers who obtain a life insurance line of authority on or after 09/25/2011 must complete the training before selling annuities products. Producers must contact their
carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for South Carolina. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines; however, the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated that they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to South Carolina, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010.

If your carrier is a participating carrier on RegEd’s Annuity Training Platform, your carrier has determined that RegEd’s course, NAIC Suitability in Annuity Transactions Model Regulation, meets the South Carolina annuity training requirement.

If you are a Carrier and wish to receive additional information, please contact RegEd at 800.334.8322
option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information, please contact RegEd at 800.334.8322 option #2 or info@reged.com.

The IRI/RegEd Training Platform for Annuity Suitability Gains Momentum

More than 75% of Industry Slated to Participate

Washington, D.C. (March 17, 2011) – The Insured Retirement Institute (IRI) and RegEd are pleased to announce that MetLife Investors Distribution Company, National Life Group and Pacific Life Insurance Company have joined their industry wide online platform to satisfy the NAIC annuity training requirements. Most of the largest annuity companies are now on the platform or are in the process of joining. As these companies enter the industry wide solution, IRI/RegEd will support more than 75% of the annuity market share.

The three new companies will be eligible to join the Annuity Training Platform Customer Advisory Board (CAB), which includes the four charter members. The CAB meets to discuss new functionality on the platform, state suitability reciprocity and emerging regulatory developments.

John M. Schobel, CEO of RegEd said, “Adding MetLife, National Life and Pacific Life to the carriers using the Platform ensures that we will achieve our goal of providing a complete solution to the industry. As our charter clients know, RegEd has made a material investment in order to ensure the optimal carrier, distributor and producer experience. Working in partnership with the advisory board, we will next incorporate our unrivalled CE tracking tools to ensure that producers are able to comply with state reciprocity rules. We all share the same goal: effective and painless compliance for the producers.”

“Having these major players sign up takes us one step closer to truly becoming the industry wide solution,” Insured Retirement Institute President and CEO Cathy Weatherford said. “We have the most painless, industry wide solution available, ensuring advisors comply with the new rules and insurers continue to sell their products. IRI’s membership has been highly engaged in the development process and we are confident this platform best directly addresses their requirements for an efficient, timely and compliant solution.”

Financial advisors began using the platform when it launched on November 22, 2010 to complete state-mandated courses. Eight states have adopted the model regulation: IA, OK, WI, CO, DC, OH, OR and RI. For those states, RegEd Course 390 NAIC Suitability in Annuity Transactions Model Regulation is available for advisors to complete and to receive CE credit. RegEd also offers annuity training for CA, FL and TX, which adopted their Annuities Training requirements prior to the model regulation.

Visit www.reged.com/trainingplatform for more information to begin your training.

Pamela C. Parker Joins RegEd as Chief Operating Officer

Morrisville, NC (February 16, 2011) – RegEd is pleased to announce that Pamela C. Parker has joined the firm as Chief Operating Officer. With a deep financial services background, Pam brings more than 20 years of operating experience with a strong focus on the financial advisor experience. She will serve on RegEd’s executive committee and lead the firm’s Product and Platform Management group, which is responsible for serving its more than 700 broker-dealer and insurance company clients, as well as its nearly one million end users.

RegEd Chief Executive Officer, John M. Schobel stated “Pam is an ideal choice to expand RegEd’s management team. With two decades leading product, marketing and sales teams and improving operating models, she has a true understanding of the needs of business clients. Pam’s exceptional experience in the development of industry leading products and platforms, and her insights into the needs of today’s financial advisor, will combine with RegEd’s commitment to service and product excellence to bring us to a new level of product innovation.”

Prior to joining RegEd, Pam led the Banking & Credit Products and Platforms for JP Morgan’s Wealth Management business. Prior to joining JP Morgan, she was an executive with Citigroup/Smith Barney, with responsibility for the client and advisor experience and various product management and finance functions. At RegEd, Pam will oversee the service, operations and product organizations for RegEd’s suite of licensing and registration, broker-dealer compliance and e-learning solutions.

Oregon Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Oregon has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Health hours.

Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 01/01/2012. Producers who obtain a life insurance line of authority on or after 08/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Oregon. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Oregon, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include includes insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, 2010.

If your carrier is a participating carrier on RegEd’s Annuity Training Platform your carrier has determined that RegEd’s course, NAIC Suitability in Annuity Transactions Model Regulation, meets the Oregon annuity training requirement.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

Ohio Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Ohio has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 general credit hours.

Producers holding a life line of authority on 07/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 01/01/2012. Producers who obtain a life insurance line of authority on or after 07/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for the Ohio. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Ohio, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

2011 Training Options from RegEd!

2011 promises to be an exciting training year and RegEd is working to publish courses that are applicable, palatable, practical and useful in the day-to-day functions of producers and registered representatives. We will be offering our annual update courses to bring everyone current on the events of the 2010 calendar year that impact the following training areas:

  • Anti-Money Laundering (securities based training)
  • Anti-Money Laundering (insurance based training)
  • Supervision
  • Deferred Variable Annuities
  • Year in Review: Events of 2010 that Impact the Registered Representative

Our popular Spotlight Series will expand to include coverage on topics such as:

  • Fiduciary Responsibilities
  • Personal Securities Accounts
  • Diminished Capacity
  • Insider Trading
  • Senior Investor Considerations
  • Disciplinary Actions in 2010
  • Recordkeeping Requirements

Other topics you will see in 2011 on the Firm Element front include:

  • Law and Regulation
  • Retirement Planning
  • Variable Contracts
  • Ethics

We will be introducing several new courses geared toward institutional audiences as well as new material written specifically to meet the needs of individuals working with Futures.

If you are looking for new material to add to your Annual Compliance Meeting on Demand you may want to consider the following topics:

  • Deferred Variable Annuities: Rule 2330
  • Recordkeeping Requirements
  • Disciplinary Actions Occurring in 2010
  • Insider Trading
  • Personal Securities Accounts
  • Red Flags of Diminished Capacity
  • Senior Investor Considerations

If insurance-related topics better suit your training needs, RegEd will be publishing several new courses to meet the training requirements for Adjusters. We plan to launch courses to meet the Classroom Equivalent Requirements as well as courses on the following topics:

  • Ethics
  • Insurance Investment Vehicles
  • Non-Resident Producer Long-Term Care Training in Minnesota, South Dakota, Vermont, Wisconsin
  • Recognizing, Documenting and Acting on Signs of Dementia
  • Retirement Planning
  • Variable Contracts
  • Law and Regulation Update

Vital Flood Insurance Training

Flood insurance training is vital, as shown by the requirements of 50 states, including Washington DC, which have a specific flood training requirement. The only state that does not is Montana. For most of these states, resident producers who sell flood insurance must complete a course related to the National Flood Insurance Program (NFIP), which has been approved for 3 hours of credit.

RegEd has two courses in which this credit requirement can be met.

The first course is an initial course, Flood Insurance Training- Be an Expert. This course discusses the history of the National Flood Insurance Program (NFIP), primary policy forms under the NFIP, calculation of rates and how to rate with special considerations; rating rules for condominiums and the Mortgage Portfolio Protection Program, and the legislation behind the Coastal Barrier Resources Act.

RegEd also offers an advanced course on flood insurance, Flood Training – Advanced Measures. This course trains producers on how to advise property owners on why an Elevation Certificate (EC) is needed, provides resources on completing and obtaining an EC, identifying entities legally allowed to complete an EC and describes how the newest version of the EC differs from previous versions and instructions on how to interpret information provided in the EC and applying that information to underwriting and rating flood insurance policies. The course also discusses the purpose for the EC in applying for and obtaining a Letter of Map Amendment (LOMA). The course reviews common errors made on the EC form and how to correctly identify properly engineered and approved alternative flood openings through the use of the EC, photographs and property inspections. The training material concludes with a comparison between acceptable and unacceptable proofs of flood vent certification.

Flood insurance is very important as shown by the requirements of all but one of the United States. To learn more about flood insurance and the NFIP, visit www.fema.gov.

Wisconsin Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Wisconsin has approved their course, Suitability of Annuity Transactions as Required by the State of Wisconsin (390_WI), for 4.0 Annuity Suitability credit hours.

Producers holding a life line of authority on 05/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 11/01/2011. Producers who obtain a life insurance line of authority on or after 05/01/2011 must complete the training before selling annuities products.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Wisconsin, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

Rhode Island Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that Rhode Island has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life/Accident/Health credit hours.

Producers holding a life line of authority on 06/01/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/01/2011. Producers who obtain a life insurance line of authority on or after 06/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Rhode Island. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors in satisfying and tracking their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to the Rhode Island, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, one-stop platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

District of Columbia Approves RegEd’s Annuity Suitability Course

RegEd is pleased to announce that the District of Columbia has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life & Health credit hours.

Producers holding a life line of authority on 6/24/2011 and selling annuity products must complete 4 hours of one-time training in annuities by 12/24/2011. Producers who obtain a life insurance line of authority on or after 06/24/2011 must complete the training before selling annuities products. Producers must contact their carriers to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for the District of Columbia. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to the District of Columbia, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, “one-stop” platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

SEC Grants Extension for Form ADV Part 2B

SEC has granted a 4-month extension of the compliance date for the delivery of Form ADV Part 2B brochure supplements. No extension has been granted for Form ADV Part 2A. The specific extension details are listed below.

  • Existing Registered Investment Advisers. All investment advisers registered with the Commission as of December 31, 2010, and having a fiscal year ending on December 31, 2010 through April 30, 2011, have until July 31, 2011, to begin delivering brochure supplements to new and prospective clients. These advisers have until September 30, 2011 to deliver brochure supplements to existing clients. The compliance dates for delivering brochure supplements for existing registered investment advisers with fiscal years ending after April 30, 2011 remain unchanged.
  • Newly-registered Investment Advisers. All newly registered investment advisers filing their applications for registration from January 1, 2011 through April 30, 2011, have until May 1, 2011 to begin delivering brochure supplements to new and prospective clients. These advisers have until July 1, 2011 to deliver brochure supplements to existing clients. The compliance dates for delivering brochure supplements for newly-registered investment advisers filing applications for registration after April 30, 2011 remain unchanged.

Resource: http://sec.gov/rules/final/2010/ia-3129.pdf

Four Major Carriers Join the IRI/RegEd “Industry Wide Solution” for Annuity Suitability

Painless Solution for NAIC Annuity Suitability Requirements

Click here for more information or to begin your training.

WASHINGTON, D.C. – RegEd and the Insured Retirement Institute (IRI) are pleased to announce that four major carriers have joined their industry wide solution platform to satisfy the NAIC annuity suitability requirements. The solution launched on November 22, 2010, and is also supported by some of the industry’s largest distributors.

The new industry wide solution carriers include Allianz Life Insurance Company of North America, Prudential Financial, Inc., Security Benefit Life Insurance Company and Transamerica Life Insurance Company. There are currently numerous other carriers in the contract writing phase.
Financial advisors may join the platform at any time to complete state-mandated courses. Iowa advisors were able to complete their requirements by the January 1, 2011 deadline and have their completion data reported to the above participating carriers.

“Having these major players sign up indicates a true turning point in the success of our industry wide solution,” Insured Retirement Institute President and CEO Cathy Weatherford said. “We have the most painless, industry wide solution available, ensuring advisors comply with the new rules and insurers continue to sell their products. IRI’s membership has been highly engaged in the development process and we are confident this platform best directly addresses their requirements for an efficient, timely and compliant solution.”

“Interest in our solution has been overwhelming. We are encouraged by this early adoption by such large carriers. These charter members will form our Annuity Client Advisory Board which will convene in January. The Board will play a key role in our next phase of enhancements for the shared platform,” said John M. Schobel, CEO of RegEd.

Visit www.reged.com/trainingplatform for more information to begin your training.

About the RegEd and IRI Industry Platform. RegEd and IRI have partnered to provide the industry with a painless solution to comply with emerging state annuity suitability and product training requirements. This centralized platform will allow producers and carriers access to the most current regulatory information and courseware, as well as customized product training and attestations. Carrier and distributor feeds will ensure that carrier obligations are met with minimum disruption for producers, who can satisfy multi-carrier, multi-jurisdictional requirements at one location.

 

Colorado Approves Annuity Suitability Course

RegEd is pleased to announce that the Colorado Department of Insurance has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 Life/Accident & Health credit hours.

Producers holding a life line of authority and selling annuity product must complete 4 hours of one-time training in annuities by 10/01/2011. Producers who obtain a life insurance line of authority on or after 04/01/2011 must complete the training before selling annuities products. Producers must contact their carrier(s) to confirm that RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation satisfies the carrier requirement for Colorado. RegEd’s course NAIC Suitability in Annuity Transactions Model Regulation was written in compliance with the NAIC guidelines however the regulation places the onus of product training on the carrier.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Colorado, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, “one-stop” platform will include insurer-produced product-specific training, as well as state-approved required training. The platform launched on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

Allianz Life Becomes Charter Member of the RegEd and IRI Industry Annuity Solution

Major Carrier Joins Industry Platform to Address NAIC Suitability Requirements

Washington, DC; December 8, 2010 – RegEd and the Insured Retirement Institute (IRI) announced that Allianz Life Insurance Company of North America (Allianz Life) has become a charter member of the industry platform to satisfy the NAIC annuity suitability requirements. The Annuity Training Platform is now live and includes state-mandated suitability training, as well as specific product training to help ensure carrier compliance.

“We value our longstanding relationship with Allianz Life and are thrilled that they have chosen to become a charter member of the industry solution. Both the IRI and RegEd are committed to serving the compliance and business needs of our clients and members, and the thousands of financial services professionals that sell Allianz products will significantly benefit from the enhanced experience RegEd will bring to the industry” said John M. Schobel, CEO of RegEd.

“As the NAIC Model Suitability Act goes into effect, we want to ensure that our financial professionals have a convenient platform to access ongoing training to offer consumers the best products for their retirement needs,” said Allianz Life’s Chief Suitability Officer Patrick Nelson. “This is an ideal relationship combining Allianz Life’s already rigorous suitability program with RegEd’s proven track record in product and compliance training.”

Financial professionals may join the platform today and complete state-mandated courses. Iowa financial professionals may complete their requirements by the January 1, 2011, deadline and have their completion data reported to all participating carriers. Allianz Life will be sending specific information to their financial professionals with clear instructions on how to access their product specific training as they become available.

About the RegEd and IRI Industry Platform. RegEd and IRI have partnered to provide the industry with a painless solution to comply with emerging state annuity suitability and product training requirements. This centralized platform will allow producers and carriers access to the most current regulatory information and courseware, as well as customized product training and attestations. Carrier and distributor feeds will ensure that carrier obligations are met with minimum disruption for producers, who can satisfy multi-carrier, multi-jurisdictional requirements at one location.

About Allianz Life Allianz Life Insurance Company of North America has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income goals with a variety of annuities and life insurance products. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with nearly 155,000 employees worldwide. Based on its revenue, Allianz SE is the 20th largest company in the world (Fortune Global 500, August 2010).

Visit www.reged.com/trainingplatform for more information to begin your training.

 

PNC Financial Services Adopts RegEd’s Form ADV Part 2B Solution

Industry Leader’s Solution Will Automate Creation and Distribution of Brochure Supplement

RegEd is pleased to announce that PNC Financial Services (PNC) has chosen to implement RegEd’s new ADV Part 2B solution for Xchange. PNC Bank has been a RegEd client since 2009, and has adopted multiple compliance applications from RegEd including its Xchange Licensing and Registration and Trax FINRA Compliance and Education Solutions. RegEd provides compliance management automation to more than 3000 financial services professionals at PNC.

RegEd’s Form ADV Part 2B Solution is created to automate compliance with the new Form ADV Part 2B requirement, also known as the “Brochure Supplement.” The requirement mandates that clients of Investment Advisors receive a brochure containing advisor background information including demographic, background and disclosure information and that they receive offers of a new brochure when any update is made. Using data from multiple sources – including regulatory databases (WebCRD), client back office systems and RegEd’s compliance applications – RegEd’s solution will create a seamless workflow beginning with the data source, flowing through to the advisor and then through the firm’s compliance hierarchy, and finally output into brochure format for client presentation. On an ongoing basis, updates to an advisor’s compliance data will create automated notifications that the brochure must be reviewed.

Mitch Avnet, Senior Vice President and Chief Compliance Officer of Broker Dealer and Asset Management Compliance at PNC, says, “This was an easy decision for us. RegEd has dramatically streamlined our licensing and registration operations. Being able to leverage the information, hierarchy and workflows that we already have in RegEd Xchange to satisfy this new ADV Part 2B requirement, gives us confidence we can meet the deadline, track our compliance and satisfy all of the requirements on an ongoing basis. PNC Financial Services is committed to providing an efficient and compliant process for our advisors.”

“RegEd is delighted to partner with PNC to assist in helping the firm comply with this new regulation,” said John M. Schobel, CEO of RegEd. “The Form ADV Part 2B requirement, which will go into effect in just a few weeks, presents a logistical challenge for our client base, which includes most of the industry’s large broker-dealers and more than 140,000 dual registrants. Working with innovative clients like PNC allows RegEd to fulfill its mission of creating solutions that mitigate risk while reducing cost and resource requirements for our large client base.”

IRI and RegEd Launch “Industry Wide Solution” for Insurers, Distributors and Advisors

Painless Solution for NAIC Annuity Suitability Requirements

Click here for more information or to begin your training

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) and RegEd today launched the much-anticipated “Industry Wide Solution” to the NAIC annuity suitability requirements. The Annuity Training Platform is now live and includes state-mandated suitability training. It will also include insurer-produced product specific training soon. There are currently numerous carriers in the contract writing phase.

Financial advisors may join the platform today and complete state-mandated courses. Iowa advisors may complete their requirements by the January 1, 2011 deadline and have their completion data reported to all participating carriers. Carriers may sign up now to gain access to a comprehensive view of their advisors’ status and make carrier-specific courses available to advisors as soon as they become available.

“We have now launched the most painless, industry wide solution available, ensuring advisors comply with the new rules and insurers continue to sell their products,” Insured Retirement Institute President and CEO Cathy Weatherford said. “The industry wide solution was created in direct response to the critical need of our industry to meet these new requirements in a way that would ensure minimal impact on advisors and their clients who rely on these products for guaranteed income. This solution is critical to the industry and consumers alike, providing a seamless educational connection between insurers, distributors and advisors. IRI’s membership has been highly engaged in the development process and we are confident this platform best directly addresses their requirements for an efficient, timely and compliant solution.”

“We are excited about today’s launch of this innovative, industry-wide platform. Bringing such a comprehensive solution to the annuities marketplace in such a short period of time required an intensive development effort. With most major broker-dealers and more than 300,000 registered persons using our platform, RegEd is ideally suited to bridge this position between carriers and distributor. We appreciate the IRI’s efforts helping RegEd continue to fulfill its mission of providing the industry with the most sophisticated tools to manage regulatory requirements,” said John M. Schobel, CEO of RegEd said.

The platform will provide many features, including:

  • A centralized training platform where an advisor can complete all training requirements and have completion data reported to all participating carriers and distributors;
  • A industry-wide solution where insurers can assign their product-specific training courses to specific producers and continually update those courses;
  • An e-mail notification system enabling insurers to notify advisors of new or updated product specific training requirements;
  • The most current information on new regulations and state-mandated courseware;
  • The ability to print certificates of completion online; and
  • Customized data exports and real-time search tools for insurers and Broker/Dealers to help meet their compliance requirements.

“This is only the beginning of our development efforts,” said Angela Pace, RegEd’s Chief Operating Officer. “Carriers who are concerned about just-in-time training can implement our latest feature, which addresses this critical training challenge. And we have already begun work on the second major phase of our development effort, which will marry RegEd’s robust education and licensing tracking applications with the Annuities Training Platform. The result will be an industry first–establishing a true one-stop solution for annuities carriers.”

In July 2010, IRI’s Suitability Task Force was formed to address potential implementation issues related to the new NAIC Model Suitability Regulation. The Task Force identified the Model’s new training requirements as a major implementation challenge, posing the possibility of negatively impacting consumers and the industry alike. Consisting of more than 70 IRI member representatives, the Task Force evaluated potential solutions to the numerous compliance and operational elements necessary to meet the requirements of the Model. Advisors will benefit from this platform through the elimination of confusion in terms of meeting different state and insurer training requirements. Insurers and Broker/Dealers will have the flexibility to develop content for the training and provide links to additional information on company websites.

For additional information about IRI’s educational offerings please visit www.myirionline.org.

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization and is the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies. Visit www.IRIonline.org to experience the new, vast resources of the new Insured Retirement Institute for yourself.

About RegEd (www.RegEd.com): RegEd is a leading provider of licensing and registration technology and outsourcing services, broker-dealer compliance management solutions and training and continuing education for financial professionals. Since 1994, RegEd has set the standard in the industry for rule-based compliance automation and technology-enabled outsourcing services. RegEd solutions deliver new levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations.

Visit www.reged.com/trainingplatform for more information or to begin your training.

 

“Industry Wide Solution” for NAIC Annuity Suitability Regulation Gains Momentum

Oklahoma Approves Course Featured on IRI-RegEd Training Platform

WASHINGTON, D.C. – As momentum builds toward the November 22 launch of the annuity training platform developed by the Insured Retirement Institute (IRI) and RegEd, it was today announced that the Oklahoma Department of Insurance has approved the course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 annuity credit hours.

Advisors licensed after July 14, 2010 in the state of Oklahoma may not sell annuities until they have completed the state approved training course. Licensed advisors that were selling annuities as of July 14, 2010 must complete the initial training by July 14, 2011.

IRI, in partnership with RegEd, recently created an industry wide solution for the NAIC Model Suitability Regulation annuity training requirements. This “one-stop” platform will include insurer-produced, product-specific training, as well as state-approved required training.

“In the few short weeks since we unveiled the training platform, the response from across the industry has been tremendous,” said IRI President and CEO Cathy Weatherford. “With more than 70 industry leaders involved in the development of the platform, the IRI-RegEd solution is truly industry driven. Oklahoma’s approval of the course further underscores the value the platform can provide in meeting the critical need to fulfill these new educational requirements.”

To date, at least 28 states have indicated they will be adopting the NAIC Suitability of Annuity Transactions Model Regulation, or similar legislation during 2011, with more to follow. In addition to Oklahoma, several other states have implemented an annuity training requirement for producers licensed in their state. Advisors, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

In July 2010, IRI’s Suitability Task Force was formed to address potential implementation issues related to the new NAIC Model Suitability Regulation. The Task Force identified the Model’s new training requirements as a major implementation challenge, posing the possibility of negatively impacting consumers and the industry alike. Consisting of more than 70 IRI member representatives, the Task Force has evaluated and developed potential solutions to the numerous compliance and operational elements necessary to meet the requirements of the Model.

Advisors will benefit from this platform through the elimination of confusion in terms of meeting different state and participating insurer training requirements. An advisor with any participating company will be able to complete the Oklahoma and any other state required training at no cost to the advisor. Insurers and Broker/Dealers will have the flexibility to develop content for the training and provide links to additional information on company websites.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a broker/dealer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

Oklahoma Approves Annuity Suitability Course

RegEd is pleased to announce that the Oklahoma Department of Insurance has approved their course, NAIC Suitability in Annuity Transactions Model Regulation, for 4.0 annuity credit hours.

Producers licensed in the state of Oklahoma may not sell annuities until they have completed the state approved training material. Those producers that are selling annuities as of July 14, 2010 must complete the initial training by July 14, 2011.

RegEd offers a full suite of annuity products and services to assist producers, carriers and distributors satisfy and track their training requirements. Approximately 28 states have indicated they are adopting the NAIC Suitability of Annuity Transactions Model Regulation or similar legislation. In addition to Oklahoma, several states have implemented an annuity training requirement for producers licensed in their state. Producers, carriers and distributors can check the requirement of the states in which they do business at www.reged.com/trainingplatform.

RegEd, in partnership with The Insured Retirement Institute (IRI) offers an Annuity Training Platform for producers to complete annuity training requirements. This industry-wide, “one-stop” platform will include insurer-produced product-specific training, as well as state-approved required training. The platform will launch on November 22, offering producers ample time to meet their state training requirements.

If you are a Carrier and wish to receive additional information please contact RegEd at 800.334.8322 option #6 or sales@reged.com.

If you are a Producer and wish to receive additional information please contact RegEd at 800.334.8322 option #2 or info@reged.com.

RegEd Releases Essential Guides for Form ADV Part 2

Morrisville, NC, November 1, 2010 – RegEd, a leading provider of compliance services and technology solutions for the financial services industry, today released essential guides to Form ADV Parts 2A and 2B, which are designed to help investment advisers comply with new federal and state requirements. These essential guides review the principal rules of Form ADV Parts 2A and 2B that investment advisers need to be aware of in order to comply with regulatory deadlines.

A recent survey of leading brokerage firms revealed that nearly 45% of investment advisers are not prepared for compliance with the new Form ADV Part 2. Surprisingly, nearly 40% of investment advisers also stated that although they knew what Form ADV Part 2 was, they were not aware of all the details related to the revised requirements. In response to the confusion surrounding Form ADV Parts 2A and 2B, RegEd has released essential guides to help advisors and compliance professionals navigate the new requirements.

“While the new rules show a good-faith effort by the SEC to improve communications between investment advisers and their clients, they do present new challenges around the creation, filing and maintenance of the required brochures,” said John M. Schobel, CEO of RegEd. “We have developed these essential guides to distill these complex requirements and provide advisors clear advice on how to comply with both sets of requirements.”

The essential guides review key questions and issues for the new Form ADV Part 2 such as:

  • Fundamental changes to the filing and brochure supplement requirements.
  • Details of required disclosures
  • Advice regarding the “plain English requirement”

Advisers can download copies of the essential guides here.

To help clients comply with Part 2B (e.g., the brochure supplement used for investment adviser representatives), RegEd has launched an innovative electronic solution that integrates with existing representative data to efficiently create consistent brochure supplements. The electronic solution reduces the time it takes to create Part 2B by streamlining the data collection, verification and approval process. RegEd’s solution will leverage a firm’s existing hierarchy implementation to direct the approval workflow to create Form ADV Part 2B brochure supplements as fully customized PDFs.

Mr. Schobel commented, “This new technology will streamline what would otherwise be an arduous process. RegEd’s technology for brochure supplement preparation will ensure advisers are fully compliant with the new rules on an ongoing basis.”

IRI and RegEd to Launch NAIC Required Annuity Training Platform

10.26.10

Developed by IRI and RegEd, Education Platform Will Provide an Industry-Wide,
“One-Stop” Solution for Insurers, Distributors and Producers

WASHINGTON, D.C. – The Insured Retirement Institute (IRI), in partnership with RegEd, today signed a letter of intent to offer a product-specific training platform and 4-hour course delivery program that meets the educational mandate of the new NAIC Suitability Regulation. This industry-wide, “one-stop” platform will include insurer-produced product specific training, as well as state-approved required training. The platform will launch on November 22, offering producers ample time to meet Iowa’s implementation date of January 1, 2011.

“The development and launch of this educational platform was done in direct response to the critical need of our industry to meet these new requirements in a way that would ensure minimal impact on the consumers who rely on insured retirement strategies for guaranteed income,” Insured Retirement Institute President and CEO Cathy Weatherford said. “This solution is beneficial to the industry and consumers alike, providing a seamless educational connection between insurers, producers and regulators. IRI’s membership has been highly engaged in the development process and we are confident this platform will best directly address their requirements for an efficient, timely, and compliant solution.”

The platform will provide:

  • A centralized location where a producer can complete all required training requirements and view the status of compliance with the Model Regulation, including updated training posted to the site subsequent to initial training;
  • A dedicated location where insurers can publish and update their product-specific training courses;
  • The ability to print certificates of completion online, if necessary;
  • An e-mail notification system enabling insurers to notify producers of new or updated product specific training requirements; and
  • Customized data feeds and real-time search tools for insurers and Broker/Dealers to help meet their compliance requirements.

John M. Schobel, RegEd’s CEO, said, “More than 750,000 financial services professionals visit RegEd every year to complete compliance requirements and a significant percentage of these individuals overlap with IRI’s membership. Combining our technology and content with IRI’s deep subject matter expertise and industry leadership creates the ideal solution to ensure that carriers, distributors and producers remain in compliance with minimal distraction and maximum efficiency.”

In July 2010, IRI’s Suitability Task Force was formed to address potential implementation issues related to the new NAIC Model Suitability Regulation. The Task Force identified the Model’s new training requirements as a major implementation challenge, posing the possibility of negatively impacting consumers and the industry alike. Consisting of more than 70 IRI member representatives, the Task Force evaluated potential solutions to the numerous compliance and operational elements necessary to meet the requirements of the Model. After careful consideration, IRI selected RegEd as its partner in developing a best practice solution to this critical issue facing the insured retirement industry. Producers will benefit from this platform through the elimination of confusion in terms of meeting different state and insurer training requirements. Insurers and Broker/Dealers will have the flexibility to develop content for the training and provide links to additional information on company websites.

For additional information about IRI’s educational offerings please visit www.myirionline.org.

About the Insured Retirement Institute: The Insured Retirement Institute (IRI) is a not-for-profit organization and is the authoritative source of all things pertaining to annuities, insured retirement strategies and retirement planning. IRI exists to vigorously promote consumer confidence in the value and viability of insured retirement strategies, bringing together the interests of the industry, financial advisors and consumers under one umbrella. IRI’s mission is to: encourage industry adherence to highest ethical principles; promote better understanding of the insured retirement value proposition; develop and promote best practice standards to improve value delivery; and to advocate before public policy makers on critical issues affecting insured retirement strategies. Visit www.IRIonline.org to experience the new, vast resources of the new Insured Retirement Institute for yourself.

RegEd Contact: Shana Keating
Shana.Keating@RegEd.com or 919.653.5407

IRI Contact: Chris Paulitz or Danielle Holland
dholland@irionline.org or 202.469.3007

 

Continuing Education: Commodity or Commitment?

Oliver Cromwell said “He who stops being better, stops being good.” Continuing education in the financial services industry serves multiple purposes – it provides a means to be compliant with regulations, it provides resources to build a better book of business and it helps individuals be better at what they do.

If you think of continuing education as a commodity, easily accessible, inexpensive and interchangeable among vendors you would meet your requirements to remain compliant in your industry; but would you stop being better? Would you cease to be good at what you do? While all of these characteristics, accessibility, cost and satisfaction of requirements are important, continuing education is an investment in your future and in the future of your clients. Knowledge is power and when you improve your understanding of the industry and products, you improve your ability to better serve your customers which leads to an increased book of business and begins a cycle of professional growth.

A few examples of educational needs include knowing that your registered representatives licensed to sell annuity products are required to meet an annuity suitability training requirement in most states. Did you know Arkansas, California, Florida and Texas all have state-specific requirements on this topic and many states are adopting the NAIC Model Regulation on this topic? This is a four-hour requirement in most states and mandatory for producers who sell annuity products. These regulations also include subsequent training on the topic.

Do you have producers licensed in Oklahoma? If yes, they have requirements for healthcare for the uninsured, legislative updates and Medicare training.

How about Florida? Do you include training for your producers on hurricane mitigation and senior suitability?

Do any of the states in which you do business in the long-term care industry have a requirement for non-resident producers? If you do business in Georgia, Wisconsin or Vermont, they do!

Education is the cornerstone of our business and every year we dedicate significant resources to support multiple business models within the financial services arena. To assure you receive the best information available we employ a team of Regulatory Officers who monitor state departments of insurance, professional designation boards, rules and regulations, legislation and activity within Self Regulatory Organizations such as FINRA. We have recently expanded our library to include materials on state-specific requirements. The lists of rules vary by jurisdiction and require expertise and attention to detail focused on the needs of you, our client; and the thousands of individuals you represent. Not only do we monitor each state but we also monitor required product training.

At RegEd we are committed to providing high quality continuing education materials to meet the needs of all financial services professionals including supporting a variety of professional designations through education. Let our commitment and investment in continuing education help you to continue to be better!

For additional information on training and continuing education requirements, securities firm element training or custom training contact your dedicated account manager or sales@reged.com.

RegEd is First to Offer Fully Electronic Resident Insurance Licensing in 31 States

Morrisville, NC (September 20, 2010) – RegEd, a leading provider of insurance licensing and securities registration products and services is the first NIPR Authorized Business Partners (ABP) to offer Electronic Resident Licensing and Resident Licensing Renewal in all participating states, through the NIPR Gateway.

For more than a decade, RegEd customers have been able to electronically prepare paper filings for resident license applications using its industry leading Xchange application in all 51 US jurisdictions. Now, in partnership with NIPR, RegEd customers can complete those resident license filings and electronically submit them to NIPR in 31 states. Resident license renewal applications can also be submitted in 24 states. These license filings include electronic receipt of filing confirmation and of application approval, making the licensing process entirely paperless.

Val Poltorak, Executive Vice President of Licensing & Registration for RegEd said, “RegEd customers have been anxiously awaiting electronic access to this set of essential insurance licensing filings. We are delighted that our close work with NIPR has enabled us to bring to the entire set of available resident license filings to RegEd customers at the earliest possible point.”

Maryellen Waggoner, NIPR Executive Director says, “NIPR is excited to make electronic filing for Resident Licensing a reality. It has been our pleasure to work with the dedicated team at RegEd to make this service available to their customers for all our resident filing states.”

Diana Ivey, Senior Vice President, Global Compliance Group for Marsh USA Inc. and longtime RegEd Xchange customer says “For high volume firms, this will help to further streamline the licensing process, get our producers to market quicker, and increase overall productivity.”

The new resident license filing types will be added to the fully electronic non-resident license and license renewals, carrier appointments and appointment terminations, and NIPR Alerts that RegEd has been providing through the NIPR Gateway since 1999.

About RegEd

RegEd is a leading provider of insurance and securities continuing education and compliance solutions to the financial services industry. Since 1994 RegEd has set the standard in the industry for quality, compliant content, rule-based automation and full-service outsourcing. RegEd solutions deliver unparalleled levels of operational efficiency and allow firms to cost-effectively comply with state and FINRA regulations.

About NIPR

Incorporated in October 1996, the National Insurance Producer Registry (NIPR) is a non-profit affiliate of the National Association of Insurance Commissioners (NAIC). NIPR developed and implemented the Producer Database (PDB) and Electronic Appointments/Terminations. NIPR is governed by a board of directors that includes seven members representing the NAIC and six industry members representing a cross-section of the insurance industry. For more information, visit www.NIPR.com.

 

Travelers Expands Continuing Education Platform for Agents

HARTFORD, Conn., Aug 25, 2010 (BUSINESS WIRE) — The Travelers Companies, Inc. (NYSE: TRV) announces a new partnership with RegEd’s CEAuthority to offer agents access to an extensive library of insurance continuing education courses. Committed to helping independent agents achieve success, Travelers is providing easy access to professional development courses that are relevant for their business needs. Through this expansion, Travelers is also offering agents the opportunity to take advantage of a designated free course and reduced pricing on CEAuthority’s property casualty library. Agents can gain access to these new choices through Travelers’ AgentU education platform.

“Travelers recognizes that it is sometimes difficult for agents to find relevant continuing education classes needed to meet local state requirements,” said Nancy Fitzgibbon, Vice President of Enterprise Training at Travelers. “We’re excited to offer easy access to resources that support and promote our agents’ professional development efforts.”

This enhancement builds upon last year’s successful launch of AgentU, a comprehensive training program custom designed to meet the educational needs of Travelers’ agency partners. RegEd’s CEAuthority is an industry leader in insurance continuing education and license renewal services.

“We are pleased that we can provide a solution to the continuing education challenge our agents face,” said Patrick Kinney, President, Field Management at Travelers. “Offering agents a designated free course and discounted access to the property casualty library available through CEAuthority certainly emphasizes how much Travelers values them, and further, it shows our commitment to helping them increase sales and grow their business.”

For more information on AgentU, please contact Amy Edstrom or visit http://agents.travelers.com/agentU/home.aspx.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent agents and brokers. The company’s diverse business lines offer its global customers a wide range of coverage in the auto, home and business settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2009. For more information, visit http://www.travelers.com.

SOURCE: The Travelers Companies, Inc.

Delker Herbert, 860-954-7975, dherbert@travelers.com

To read the full press release, click here.

 

General Information Services, Inc. Announces Partnership with RegEd

Partnership between Pangea for Insurance and Xchange to provide seamless online contracting and appointment service

General Information Services, Inc. (GIS), a leading provider of online contracting and producer onboarding for the insurance industry, is excited to announce their partnership with RegEd, a leading provider of state insurance licensing and appointment filings.

The combination of GIS’ Pangea for Insurance producer onboarding system and RegEd’s Xchange filing system will increase efficiency and provide enhanced compliance by completely automating the online contracting and producer onboarding process.

“We at GIS are always looking for ways to make things better, faster and smarter for our clients,” said Kira Finn, director of Pangea for Insurance. “This partnership with RegEd was a great way to allow our clients to seamlessly integrate with this best-in-class appointment vendor.”

Added Valerya Poltorak, executive vice president of RegEd’s Licensing and Registration Solutions Group, “GIS and RegEd have been strong partners for over five years and saw the integration as an opportunity to address the market need for a fully integrated solution addressing electronic on-boarding, background checks and appointment processing. This will provide Pangea clients with additional options to cost effectively address their appointment needs by combining two market leading solutions.”

About General Information Services, Inc. (GIS)

GIS has 44 years of experience and serves thousands of customers nationwide from small business to Fortune 100 companies by providing comprehensive background screening, workforce management and insurance industry solutions including agent onboarding. Between its headquarters in Chapin, S.C., and the Western Operations Center in Dallas, Texas, GIS employs more than 400 people. For more information about GIS’ products or services, visit www.geninfo.com.

 

Long Term Care – Phase Two

By now all producers licensed to sell long-term care products are aware of the need to complete an initial eight-hour training requirement on the topic. While most of the states have elected to adopt the National Association of Insurance Commissioner’s (NAIC) Model Regulation, several states opted to use the core of the NAIC Model Regulation with additional state-specific training included. The RegEd courses that meet this initial eight-hour requirement include:

  • Long Term Care: An In-Depth View [146] meets the needs of most states
  • California Long Term Care [eLICLTC]
  • Long Term Care: An In-Depth View, Georgia [146_GA]
  • LTC for Indiana [298_IN] meets the five hour requirement in Indiana
  • Long Term Care: An In-Depth View, Kentucky [146_KY]
  • MA Eligibility, Minnesota [146_MN]
  • Long Term Care: An In-Depth View, Ohio [146_OH]
  • Pennsylvania 9-Hour LTC Training [146_PA]
  • South Carolina LTC and Medicare [146_SC]
  • Long Term Care: An In-Depth View, Tennessee [146_TN]
  • Long Term Care: An In-Depth View, Vermont [146_VT]
  • Washington 8-Hour Initial LTC Training [146_WA]

A few states took an additional step outside of the box and require a state-specific, instructor-lead class (New York, Indiana) or a two-part requirement where 50 percent of the training must be on partnership programs and presented in an instructor-lead environment (Colorado). Now let’s take a look at Phase Two, the four-hour follow-up requirement.

In the licensing period subsequent to completing the initial eight-hour training, licensed producers are required to complete four-hours of continuing education (CE) on the topic. As with the original requirement, most states have adopted a four-hour training agenda released by the NAIC; however there are a few states that have added state-specific requirements to the CE training. RegEd has developed the following material to meet this demand:

  • Long Term Care – NAIC 4-Hour Requirement [287] meets the needs of most states
  • Long Term Care – NAIC 4-Hour Requirement, Florida [287_FL]
  • MN MA Eligibility; 4-Hour Training Requirement [289_MN]
  • South Dakota 4-Hour LTC Training [287_SD]
  • Wisconsin 4-Hour LTC Training [287_WI]
  • Washington 4-Hour LTC Training [287_WA]

Rounding the training requirements as they currently stand are the states that require non-resident producers to complete CE specific to their state. The courses that fulfill this requirement include:

  • LTC for Non-Resident Producers, Georgia [299_GA]
  • Vermont Non-Resident LTC [380_VT]
  • LTC for Non-Resident Producers, Wisconsin [300_WI]

If you have any questions regarding long-term care requirements or course approvals for the requirements contact your account manager or sales@reged.com.

I’ll Take a Triple Scoop of CE, Please!

RegEd has a large library of courses that when branched by audience often times allow an individual to receive credit in three areas.

Firm element training is the mandatory, annual training program managed by the Compliance or Training departments of most firms. This training is based on the corporate business model as well as guidance provided by the Self Regulatory Organizations (SRO) such as the SEC and FINRA. It is common for training modules selected for this segment of the population to be approved for insurance continuing education or professional designation credits.

This means that your registered representatives can take one course to satisfy their firm element, insurance license and professional designation continuing education. Contact your account manager for additional information on selecting courses that meet the standards for all three requirements or email
sales@reged.com.

Registration and Disclosure

Maintaining accurate registration documentation is essential in the financial services industry and remains misunderstood by many registered representatives.

Assure your registered representatives understand the importance of maintaining accurate registration documentation and the impact of inappropriate disclosure of information such as private securities transactions, outside business activities and others by adding the ACM onDemand segment to your annual compliance meeting online or by including the spotlight course on the same subject in your training program. For additional information, contact your dedicated account manager or sales@reged.com.

NASD Rule 2821 Now FINRA Rule 2330

NASD Rule 2821 regarding deferred variable annuities has been entered into the FINRA rule book as Rule 2330. One prong of the rule requires annual training on an on-going basis. RegEd’s course An Overview of Deferred Variable Annuities will help registered representatives understand the components of this rule.

This training material discusses the design of deferred variable annuities and the needs they are intended to meet. It goes on to identify the responsibilities of the registered representative in establishing that a variable annuity recommendation is suitable as well as discussing the firm’s responsibilities in supervising their representatives variable annuity business. The training material ties all of the areas of discussion together with a series of case studies to illustrate the requirements in detail. For additional information, contact your dedicated account manager or sales@reged.com.

Jane Michael Joins RegEd as Senior Vice President, Outsourcing Services

RegEd is pleased to announce that Jane Michael has joined RegEd in the position of Senior Vice President, Outsourcing Services. Ms. Michael brings more than 20 years of six-sigma operations and project management experience in insurance licensing, securities registration and broker dealer compliance. Ms. Michael recently served as Vice President, Global Registration and Insurance Licensing at Merrill Lynch and subsequent to that she held the role of Vice President, Insurance Operations at Merrill Lynch. She also played a key role in the requirements development for Xchange, RegEd’s industry-leading solution for enterprise insurance licensing and securities registration.

John M. Schobel, RegEd’s President, notes “Jane brings a level of operational, compliance and technology expertise in the licensing and registration domain that very few individuals in the industry can claim. The timing is especially appropriate given the industry’s increasing focus on outsourcing. We are excited to add her to our team and know she’ll add tremendous value to our expanding outsourcing operations and growing licensing client base.”

For additional information, contact Damia Tabachow at RegEd.

Time to Start Thinking About Renewals

Our registration renewals application provides immediate efficiencies in four areas:

  • Gathering and Tracking Renewal Selections – simplify the process of reaching out to your representative population asking which registrations need to be terminated or renewed.
  • Filing Partial U5s with FINRA – upload all of your representative’s partial U5s to FINRA via batch filing allowing you to stay on top of who needs their registrations terminated.
  • Producing Detailed, Accurate Accounting Files – produce detailed files of all registration fees for each rep or department, before you receive FINRA’s final summary invoice, and see where your dollars are being spent.
  • Optional Registration Fee Collection Service – RegEd can also collect payment of registration fees as well as any other charges you pass along to your representatives. Our optional invoicing service eliminates the hassle of tracking payment of annual fees.

You will be astounded at how straightforward and pain-free renewals can be. RegEd customers save time, money and resources; while perfecting their compliance and tracking their costs, seamlessly.

Protection of Client Information a Top Priority

The protection of client data is essential in all professions and financial services professionals are held to a higher standard due to the nature of the personal information required to do business.

How often have you seen an abandoned cell phone sitting on a table? Have you ever looked at the “lost and found” of an airport terminal? You would be amazed at the number of cell phones, laptops, PDAs and other electronic equipment that is left behind.

Electronic devices are relied on by almost everyone for both personal and professional purposes. Life is busy and people move fast. This is why it is so important to protect our electronic devices with strong passwords, encryption software and to understand the processes and requirements for destruction of obsolete equipment.

Assure that your registered representatives are following all necessary protocols, company policies and processes for protecting and destroying, when necessary, their electronic lifelines by including RegEd’s course Safeguarding Client Information in your training program. For additional information, contact your dedicated account manager or sales@reged.com.

Registered Representatives Have the Opportunity to Learn from the Actions of Others

We have all had the opportunity to learn from our own mistakes; now registered representatives have the opportunity to learn from the mistakes of others in positions similar to their own. RegEd recently launched an ACM OnDemand segment and will soon be offering adding a course to our Spotlight Series on the topic of Disciplinary Actions Against Registered Representatives. This training material outlines disciplinary actions taken by the Self-Regulatory Organizations such as FINRA against Registered Representatives. The material also provides guidance on why the actions were inappropriate and provides information on the penalties assessed.

This material does not cover only the most egregious cases but rather provides multiple examples of actions taken because the registered representative was not aware of, did not pay attention to or simply did not understand rules that in place.

Bring your registered representatives up-to-speed on what could happen by providing this overview in your training program! For additional information please contact your dedicated account manager or sales@reged.com.

Texas Implements Annuity Suitability Certification Requirement

The state of Texas recently enacted a multiple-part requirement for all licensed producers who sell annuity products. The first step is to complete a one-time, four-hour annuity certification course based on a state-provided outline. RegEd’s course 4-Hour Annuity Certification (course identification code 263_CERT) has been approved to fulfill this requirement!

Next Step? The second part of the requirement is to complete 4-hours of Texas-approved continuing education training within 12 months of completion of the certification course. RegEd to the rescue again! Our course Suitability of Annuity Transactions – Texas (course identification code 263) has been approved by the Texas Department of Insurance to complete step two!

Stay tuned…check the RegEd site often to assure that you are informed of your annuity training requirements and to see what new materials RegEd has to offer to help you remain compliant.

If you have any questions or would like additional information on this or any other training requirement please contact your dedicated account manager or email sales@reged.com.

RegEd and SILA Announce a New Service for SILA Members

Beginning April 5th, in a new partnership with RegEd, SILA will offer the new SILA Digest Service to its members. This subscription service will keep the SILA Digest reference tools, which have been offered annually at the SILA conference for more than a decade, current throughout the year. The new SILA Digest Service will continuously provide the updated information companies need to stay compliant with regulatory requirements, all year long.

Diana Capes, Executive Vice President, SILA said, “We are very excited to take the SILA Digest, that so many of our members rely on, and make it a living document. Our members can now have a Digest that is as valid in June, as it was in October when it was first handed out.”

When the SILA Digest has an update, all subscribers will receive an email notification with a link to the SILA website. Subscribers can log on to retrieve a summary of what regulatory changes occurred and to obtain a copy of the updated documents. All topics will be updated on a monthly basis, or sooner, for any change that has a major impact to the subscribers.

“We are delighted to make our regulatory compliance information available to the market in this partnership with SILA,” said Angela Pace, Chief Operating Officer of RegEd, Inc., “It is our business to help with every phase of agent and representative compliance and our Regulatory Affairs team is very excited to expand the audience that benefits from their hard work.”

For more information about the SILA Digest Service, call or email Diana Capes, Executive Vice President, SILA at 800-428-8329 or dcapes@sila.org.

RegEd Expands NFA Offerings

In accordance with National Futures Association (NFA) requirements, rules and regulations RegEd has added over a dozen new titles to its library!

In addition to the required anti-money laundering and ethics requirements, RegEd has expanded its offerings to include single topic courses allowing focused training on subjects relevant to this specific business model. Titles include:

  • An Overview of Futures and Commodities Products
  • Alternative Investments and Suitability
  • AML for Futures Commission Merchants and Introducing Brokers
  • Branch Office Inspection for the Futures Industry
  • Exchange Traded Funds: The Futures Perspective
  • FOREX
  • Front Line (Branch) Supervision
  • Hedge Funds
  • Managed Futures
  • Middle and Back Office Supervision
  • NFA Ethics
  • NFA: Insider Trading and the Futures Industry
  • NFA: Public Communications and Promotional Materials
  • Overview of Markets, Clearing Organizations and Intermediaries
  • Privacy Regulations in the Futures Industry
  • Security Futures Products

For additional information on these and other RegEd training materials, contract your account manager or email sales@reged.com.

NEXT Financial Selects RegEd for Firm Element Training and Questionnaires

RegEd is pleased to announce that NEXT Financial Group, Inc. chose Firm Element Training and Compliance Questionnaires after a comprehensive analysis of the products available to address their needs.

“RegEd is delighted to have NEXT Financial return to our long list of satisfied clients” said John M. Schobel, President, RegEd, Inc.

Robert Schlangen, Chief Compliance Officer, NEXT Financial said “We chose to use RegEd for our Firm Element CE courses because of the technology RegEd provides and the ease of use of their product.”

RegEd continues to deliver the highest quality products, services and content through its commitment to customer service, technology and innovation.

Meet Your Texas Classroom Requirements Online

Having trouble finding a classroom course to attend to satisfy your credit hour requirements in Texas?

RegEd’s newly approved course titled Understanding Variable Annuities: Functions, Benefits, Limitations, and Needs (112_TCE) is an approved Texas Classroom Equivalent course which means that you can complete your classroom requirements in the comfort of your home or office via RegEd’s self study site!

As a reminder, Texas requires all licensees to complete 50% of your overall continuing education requirements via classroom instruction or Texas Classroom Equivalent delivery.

To access RegEd’s Texas Classroom Equivalent course:

  • Visit www.reged.com and select “Continuing Education”
  • Enter your username and password and select “My Account”
  • Select the state of Texas and choose from the listing of courses available to you

Should you have any questions, please contact the RegEd customer service team at 800.334.8322 option #2.

Oklahoma Healthcare for the Uninsured

Getting certified to market healthcare plans approved by the Oklahoma Healthcare for the Uninsured Board (HUB)?

RegEd is the first and currently the only self-study provider to be granted approval by the Oklahoma Department of Insurance to offer the 6-hour basic credentialing education course. RegEd’s course, Oklahoma Healthcare for the Uninsured (course ID 288_OK), provides an overview of the health insurance options available including:

  • General Medical Insurance
  • Group Medical Insurance in Oklahoma
  • Individual Medical Insurance in Oklahoma
  • Comprehensive Major Medical Plans
  • Group Insure Oklahoma Program
  • Individual Insure Oklahoma Program
  • SoonerCare
  • Medicare

For more information about the HUB requirement, click here to visit the Oklahoma Insurance Department’s website.

Don’t delay. Order your Oklahoma HUB course today.

Long Term Care and Medicare Training

As state governments and departments of insurance continue to focus on long term care and Medicare needs, RegEd continues to develop material to meet those needs. We have added several state-specific training courses to our library, including:

  • Long Term Care at Glance (NAIC 4-Hour Requirement)
  • LTC in the state of Indiana (5 Hour Requirement)
  • LTC for Non-Resident Producers in Georgia
  • LTC for Non-Resident Producers in Wisconsin
  • Minnesota MA Eligibility (4-Hour Requirement)
  • Oklahoma Medicare Advantage (8-Hour Requirement)
  • Oklahoma Medicare Advantage (4-Hour Requirement)
  • Oklahoma Healthcare Uninsured Board (HUB) (8-Hour Requirement)
  • Texas Medicare Advantage

The RegEd Regulatory Affairs team monitors the activity of the legislature at all levels to assure that we are able to deliver quality training on mandatory topics in a timely manner. For additional information on these and other RegEd courses contact your account manager or sales@reged.com.

Institutional Sales Library Grows

Firms working with institutional clients now have a series of new courses to add to 2010 training programs! RegEd has invested in the development of a series of institutional training courses that include the following titles and topics:

  • Institutional Suitability
  • Public Offerings of Securities with Conflicts of Interest
  • Advanced Exchange Traded Funds: The Trader’s Perspective
  • Alternative Investments: The Institutional Broker-Dealer Perspective
  • Corporate Governance
  • Fairness Opinions
  • Informational Barriers for Institutional Business
  • Money Laundering: The Institutional Broker-Dealer Perspective, Seventh Edition
  • Regulation SHO
  • Trading Ahead of Research Reports

For additional information on these and other RegEd training materials contact your account manager or email sales@reged.com.

RegEd Offers Increased Choices for Essential Firm Element Training

AML and supervision … essential annual training; you ask yourself and your teams, how do we keep this information fresh and relevant to our business?

RegEd has the answer! New in 2010 RegEd is offering a “mix-and-match” option for training on these topics. Here is how it works. RegEd has developed the annual overview course relevant to recent activity in the industry such as notices and rules. To make this material more relevant to your registered representatives and your business model we are offering a series of case studies based on industry hot topics and recent disciplinary actions.

Each series will include a case study focused on retail business, institutional sales, supervisory responsibility and registered representatives’ actions.

To enhance the training experience you are able to add to the annual overview course one, two, three or all four case studies to tailor the material to best meet the needs of your training program. RegEd can work with you to further customize the training experience by writing additional case studies specific to your policies, procedures and practices.

For additional information including pricing and timelines contact your account manager or sales@reged.com.

To Tweet or Not to Tweet

Networking is great for business; but what about social networking… online? It seems like every network, television show, book, vehicle, author, movie – you name it – begs us to follow them on Twitter.

Twitter.com is an interactive website which allows users to post messages that cannot exceed 140 characters. Once you join Twitter you can follow or be followed. Following can be informative or entertaining. You can follow those for whom you have an RSS Feed to get much shorter, constant updates (following CNN, for example); or follow Ashton Kutcher just because he is dawggone funny. The recipients of your posts – or “tweets” as they are called – are those who follow you. If you are so inclined, Howcast has a brief video introducing the basics of Twitter.

However, when you are employed in the financial industry, there are a slew of concerns to consider before signing up for a social network, not the least of which is FINRA compliance. According to FINRA, all electronic communications fall under the categories of correspondence, public appearances, advertisements, sales literature, reprints and institutional sales material and are subject to FINRA Conduct Rules.

According to FINRA:

  • Communicating by publicly available websites are considered advertisements.
  • Communicating by emailing or instant messaging is considered Sales literature.¹
  • Communicating by emailing or instant messaging is considered Correspondence.²
  • Communicating by chat room discussions are considered public appearances.

All of these methods of communication are covered under FINRA Rule 2210, Communications with the Public, FINRA Rule 3010, Supervision, and FINRA’s Internet Guide for Registered Representatives. Each of these rules and guidelines address compliance responsibilities, suitability, conflicts of interest, use of current information, supervision and recordkeeping requirements when communicating via the internet or other electronic media.³

Each individual needs to act wisely and cautiously in determining whether social networking is an acceptable form of communicating based on their title, area of expertise and practice and their position within a firm. The thing is, with Twitter one could follow without being followed. Having a private ID and refraining from tweeting would allow you to receive those posts you deem productive and necessary.

All that said, ask yourself what are the business benefits. In Stephen Covey’s book of powerful advice, Seven Habits of Highly Effective People, habit number five reminds us to be good listeners where we must seek to understand and then be understood, in that order.

This isn’t a recommendation for or against Twitter or its competitive counterparts. Rather, it is a reminder to ensure your social actions do not conflict with FINRA Conduct Rules – B4 its 2 L8.

¹Email or instant messaging to 25 or more prospective customers, as well as password-protected websites, are considered sales literature.

²Email or instant messaging to a single customer (prospective or existing) or to an unlimited number of existing retail customers and/or less than 25 prospective retail customers (firm-wide) within a 30-day period are considered correspondence.

³Communicating Electronically, Spotlight Series, Study Guide 702, RegEd Inc, c2009 All Rights Reserved.

New Courses for Producers Holding Life and Health Insurance Licenses

RegEd has released a series of continuing education courses for producers holding life and health insurance licenses. This series includes a variety of topics and titles including:

  • A Walk Through the Ethical Insurance Practice
  • Consumer Protection for Financial Services Professionals
  • Employing Various Types of Trusts in the Estate Planning Process
  • Entity Owned Life Insurance
  • Helping Individuals Save for Retirement
  • Insurance Risk and Reward
  • Legacy Planning
  • Modern Variable Annuity Contract Benefits
  • Retirement Solutions
  • Section 125: Cafeteria Plans
  • Senior Suitability and Diminishing Capacity
  • The Financial Services Industry and the Needs of Military Personnel
  • The Ins and Outs of Communicating with Clients
  • Understanding Life Insurance Contract Riders
  • Working with Seniors: Suitability and Special Needs

Additionally, RegEd has added topics that meet state-specific training requirements including:

  • Arkansas Suitability of Annuities
  • LTC – NAIC 4-Hour Requirement
  • LTC for Indiana Producers (5-Hour Requirement)
  • LTC for Non-Resident Producers, Wisconsin
  • LTC for Non-Resident Producers, Georgia
  • Montana Insurance Law: An Overview of Changes and Updates
  • Minnesota MA Eligibility (4-Hour Requirement)
  • Oklahoma Medicare Advantage (8-Hour Requirement)
  • Oklahoma Medicare Advantage (4-Hour Requirement)
  • Oklahoma HUB (8-Hour Requirement)
  • Texas Suitability of Annuity Transactions
  • Taxation and Suitability of Annuities (California 4-Hour Requirement)
  • Texas Consumer Protection
  • Texas Medicare Advantage
  • Understanding the Idaho Insurance Code

For additional information on these and other RegEd training materials contact your account manager or email sales@reged.com.

Important Changes to NASAA Exams Take Effect January 1st

NASAA has made changes to the Series 63, 65 and 66 exams effective January 1, 2010. Changes include some new content for the Series 65 and 66, changes to topic weighting and an increase in minimum passing scores to 72% for the Series 63 and 65, and 75% for the Series 66. RegEd has created supplements for our Study Guides detailing the changes and providing the new information you may see on your exam.  Click the appropriate link to download:
Series 63
Series 65
Series 66

Questions? More information on frequently asked questions is available here.

For additional assistance, feel free to contact our instructor team at:
series63help@reged.com
series65help@reged.com
series66help@reged.com

Annuity Transactions in the Spotlight

Annuity contracts, features, functions and suitability always seem to be in the spotlight. Recently, the state departments of insurance have taken the issue one step beyond sharing of information and many are starting to require training specifically on the topic. Arkansas, Florida and Texas have already implemented suitability training on annuity transactions. RegEd has published the following courses to meet these requirements:

  • Suitability of Annuity Transactions (176)
  • Suitability of Annuity Transactions and Selling to Seniors – Florida (176)
  • Suitability of Annuity Transactions in Arkansas (257_AR)
  • Suitability of Annuity Transactions in Texas (Coming Soon)

RegEd recently published Modern Variable Annuity Contract Benefits (241) for individuals who would like to receive additional training on the benefits provided by annuity contracts.

Additionally, RegEd has a full library on the topic of annuities; if you would like to receive a list of these courses or review them as part of your training program contact your account manager or email sales@reged.com.

Training Specific to Florida Laws, Rules and Regulations

2009 has been a year of focus on Florida-specific concerns. Earlier this year the state of Florida, Department of Insurance implemented a continuing education requirement that any producer who sells annuity products must complete three hours of training on suitability issues surrounding senior investors. RegEd responded to this requirement by publishing the course Suitability of Annuity Transactions and Life Transactions to Seniors (176_FL).

Additionally, Florida requires one hour of training on the topic of hurricane mitigation. RegEd recently published the course Understanding Hurricane Mitigation (238) to fill this need.

Check out this course and others by visiting www.reged.com.

Long Term Care and Medicare Training Available Through RegEd

Most states have implemented a Long Term Care (LTC) insurance training requirement of an initial training course that averages eight hours in length prior to selling LTC products. Several states require that this LTC training include state-specific material on partnership and other programs. This training requirement mandates that the insurance carrier confirm completion of the training prior to allowing a producer to sell their LTC products. RegEd has authored courses to meet all of these requirements (see list below) and our courses are ClearCert approved! Please check our website at www.reged.com to confirm the approval for the state(s) in which you are licensed.

  • California Long Term Care (eLICLTC)
  • Long Term Care: An In-Depth View (146)
  • Long Term Care: An In-Depth View, Georgia Edition (146_GA)
  • Long Term Care: An In-Depth View, Kentucky Edition (146_KY)
  • Long Term Care: An In-Depth View, Ohio Edition (146_OH)
  • Long Term Care: An In-Depth View, Tennessee Edition (146_TN)
  • Long Term Care: An In-Depth View, Wisconsin Edition (146_WI)
  • MA Eligibility and the Long Term Care Partnership (146_MN)
  • Washington LTC 8-Hour Initial Course (146_WA)

In addition to the initial eight-hour training requirement, most states have also implemented a requirement that a four-hour refresher course be completed in the license renewal period following the initial eight-hour training. RegEd will soon be publishing Long Term Care at a Glance (NAIC 4-Hour Requirement) as well as state specific editions on the topic where required, to meet this need. RegEd also has a course entitled Partnership Insurance Programs: A Long Term Care Companion (152) for individuals who would like to delve more deeply into the topic.

Right on the heels of this LTC training is the need for training on Medicare. Several states including Oklahoma and Texas have or are in the process of implementing state-specific training on Medicare. Much like the LTC training, the Medicare training will likely require an initial eight-hour training course followed by a four-hour training course in the subsequent license renewal period. Check our website often (www.reged.com) to see if the state in which you are licensed has implemented a Medicare training requirement.

Exchange Traded Funds Training Available From Basics to Advanced

News and information surrounding Exchange Traded Funds or ETFs is popping up everywhere. ETFs are investment companies that are legally classified as open-end companies or Unit Investment Trusts (UITs), but that differ from traditional open-end companies and UITs in the following respects:

    • ETFs do not sell individual shares directly to investors and only issue their shares in large blocks (blocks of 50,000 shares, for example) that are known as “Creation Units.”

 

    • Investors generally do not purchase Creation Units with cash. Instead, they buy Creation Units with a basket of securities that generally mirrors the ETF’s portfolio. Those who purchase Creation Units are frequently institutions.

 

    • After purchasing a Creation Unit, an investor often splits it up and sells the individual shares on a secondary market. This permits other investors to purchase individual shares (instead of Creation Units).

 

  • Investors who want to sell their ETF shares have two options: (1) they can sell individual shares to other investors on the secondary market, or (2) they can sell the Creation Units back to the ETF. In addition, ETFs generally redeem Creation Units by giving investors the securities that comprise the portfolio instead of cash. So, for example, an ETF invested in the stocks contained in the Dow Jones Industrial Average (DJIA) would give a redeeming shareholder the actual securities that constitute the DJIA instead of cash. Because of the limited redeemability of ETF shares, ETFs are not considered to be—and may not call themselves—mutual funds*.

To assure that you are current on the features and functionality of ETFs, consider taking one of RegEd’s three courses on this topic.

  • Exchange Traded Funds (739) – this is a basic level course that provides you with an overview of ETFs.
  • Advanced Exchange Traded Funds – Training for the Traders (TBD) – this is an advanced level course geared toward the role and responsibilities of the traders of ETFs.
  • Advanced Exchange Traded Funds – Training for the Sellers (TBD) – this advanced level course provides individuals who sell the ETFs with guidance on their role and responsibilities as well as the features and functionality of the funds.

If you would like additional information on any of these courses, please contact your account manager or sales@reged.com.

*See http://www.sec.gov/answers/etf.htm.

Special Insurance Considerations for Military Personnel

Department of Defense Instruction 1344.07 outlines considerations for the sale of insurance products and services to military personnel. RegEd has expanded on this instruction and developed a course that provides an overview of DoD Instruction 1344.07, its general guidelines and the specific direction provided by each state jurisdiction as well as the ramifications of not adhering to these requirements.

Any producer interacting with military personnel will certainly want to be aware of this guidance and complete the training entitled The Financial Services Industry and the Needs of Military Service Personnel (TBD).

Prior to ordering this course, please visit www.reged.com and confirm the continuing education hours approved in the state(s) in which you are licensed.

New Insurance Producer CE Option Hits the Market with RegEd and its Partner, KnowtheRisk!

StoneRiver – RegEd in alliance with KnowtheRisk! (www.knowtherisk.com), is the first company to bring US insurance producers invaluable insight into the underwriting process with CE courses based on Underwriting for Agents. Romeo Vitagliano, President and CEO of KnowtheRisk!, a Canadian firm, says “Agents who understand the underwriting process, are better advocates for their clients and for the company, making it easier to bring together the right needs and the right products.” The first two, of many Underwriting for Agents courses, are now approved in more than 45 states!

Today, life insurance producers can obtain CE credit for courses in understanding the impact of cancer and cardiovascular disease on underwriting a Critical Care, Life or LTC policy. The straight-forward, clear courses take them through the basic facts of the underwriting decision for applicants with these serious diseases. They will understand how various diagnostic and history factors impact the insurance risk. Using this information, they can help their clients choose carefully among their numerous and complex options.

RegEd courses can be accessed online 24/7. “The Basics of Cancer in the Insurance World” and “Cardiovascular Disease” are approved for two to four credits, based on length and jurisdiction, in almost every state. RegEd plans to continue producing KnowtheRisk! courses in a US-based, online format, and looks forward to offering the full portfolio of Underwriting for Agents courses.(Please visit www.reged.com/lrse to order these courses.)

“We are very excited about bringing this new CE content to the US market. It gives producers access to valuable information they have never had before,” said Angela Pace, Chief Operating Officer, RegEd, Inc. “It’s exciting to bring a whole new category of CE that is fresh and useful. With an aging US population, Life and Critical Illness insurance are key segments where a deeper understanding of how underwriting decisions are made is a powerful tool for any insurance agent.”

RegEd, Inc. is one of the leading providers of compliance solutions in the securities and insurance industries and has established itself as one of the foremost regulatory education resources. RegEd is driven by technology innovation and has developed a line of intelligent Internet-based products for clients to efficiently handle compliance regulations. These include an automated audit tracking system, online compliance questionnaires, customer compliance tracking tool and an advertising review module, among other innovative applications.

KnowtheRisk!, is an innovative internet company founded by underwriting experts, Romeo Vitagliano, ACS, FALU, FLMI and Dr. Tim Meagher. The KnowtheRisk! founders have used their five decades of underwriting and medical education experience to bring new levels of understanding of the underwriting process to insurance producers and underwriters in Canada.

Dr. Tim Meagher* is a practicing internist who has held several senior level hospital administration positions. Tim has also spent over 25 years consulting in the life insurance industry. He is presently Chief Medical Officer of the Standard Life Assurance Company in Montreal and Chief Medical Officer at Munich Reinsurance Company as well a Consulting Medical Officer to Exam One Canada. He is Past President of the Canadian Life Insurance Medical Officers Association (CLIMOA).

Romeo Vitagliano* began his career in the financial services industry as a producer and later went on to hold increasingly senior executive positions as a risk selection professional. He is privileged to have been Metlife’s last chief underwriter in Canada. A former Canadian editor of On The Risk – the Journal of the Academy of Life Underwriting – he is an author of a number of risk selection papers, newsletters and studies.

*Dr. Tim Meagher and Romeo Vitagliano are available to speak at conferences and seminars upon request.

New Continuing Education Courses Available for the Life and Health Insurance Producer

Producers who sell life, health and variable products are constantly challenged with supporting and selling new products and services. Staying abreast of all of this ever-changing information is a snap with the new titles added to the RegEd library!

  • 403(b) Plans: Taking Care of Employees of Nonprofit Organizations (181)
  • Employing Various Types of Trusts of Trusts in the Estate Planning Process (211)
  • Client Communication: Meeting the Needs of all Generations (189)
  • Estate Planning for the Generations: Baby Boomers and Xs (178)
  • Life Insurance Policies and the Peace of Mind They Provide (237)
  • Long Term Care Planning for Seniors: Moving Forward…(177)
  • Modern Variable Annuity Contract Benefits (241)
  • Suitability of Annuity and Life Transactions (176)

If those titles do not fill your continuing education needs, don’t worry, we have several courses coming soon!

  • The Ins and Outs of Communicating with Clients
  • Understanding Life Insurance Contract Riders
  • Working With Seniors: Suitability and Special Needs
  • Retirement Planning: Options for All Ages
  • Understanding Life Insurance Contract Riders
  • Agency Supervision: A General Review
  • Working With Seniors: Suitability and Special Needs
  • The Ins and Outs of Communicating with Clients
  • Section 125: Cafeteria Plans
  • A Walk Through the Ethical Insurance Practice
  • Balancing Risk and Reward in Tough Economic Times
  • Life Insurance Planning: An Overview
  • The Financial Services Industry and the Needs of Military Service Personnel
  • Entity-Owned Life Insurance
  • Preparing for Disaster Recover Through Advance Planning

As always, you should review information on the RegEd website www.reged.com to confirm the continuing education approvals for these titles in your state as well as to assure that you are following all of the rules of the department of insurance for the state(s) in which you hold a license.

CPE Pilot Testers Needed!

StoneRiver – RegEd has recently developed several new courses eligible for CPE continuing education (CE) credit and we are looking for pilot testers of the material to assist in the CE credit approval process. The courses currently available for testing include:

  • Annuities and Annuity Recommendations, CPE Edition (77B_CPE)
  • Ethical Issues in the Financial Services Industry, CPE Edition (128_CPE)
  • Financial Planning Practices and Principles, CPE Edition (148_CPE)

We also have several new courses specifically designed with the CPE professional in mind in our development queue. Those topics include:

  • Practical Estate Planning, 3rd Edition, CPE Edition (PEP_03_CPE)
  • Employing Various Trusts in the Estate Planning Process
  • Life Insurance Planning: An Overview
  • Section 125: Cafeteria Plans
  • Entity-Owned Life Insurance
  • Preparing for Disaster Recover Through Advance Planning

If you are interested in pilot testing any of the courses listed above, please visit www.reged.com/cpepilottesting

StoneRiver – RegEd Spotlight Series Continues to Grow!

In 2008 RegEd introduced a Spotlight Series of training courses focused on issues faced by the securities industry. Throughout 2009 we have listened to the needs of our clients for their Firm Element training and have improved the Spotlight Series by adding two dozen new titles to enhance your training programs.

  • Appropriate Solicitation and Communication with Senior Investors (728)
  • Anti-Money Laundering Fundamentals (717)
  • Auction Rate Securities: Process, Disclosure and Consequences of Failed Auctions (738)
  • Conflicts of Interest Relevant to an Investment Advisor (722)
  • Deceptive Sales Practices, Insurance (724)
  • Ethical Practices for Office Employees (720)
  • Discretionary Trading (719 Spotlight)
  • Exchange Traded Funds (739)
  • Fiduciary Responsibility (716)
  • Institutional Sales: Prime Brokerage (737)
  • Institutional Sales: Rules 10b-21 (731)
  • Investment Advisers Code of Conduct (730)
  • Investment Advisers: Disclosure Responsibilities (729)
  • Limitations, Restrictions and Prohibitions of Non-Cash Compensations (727)
  • Limitations, Restrictions and Prohibitions of Political Contributions (721)
  • OBA: Reportable Investment-Related Activities (718 Spotlight)
  • Recognizing and Responding to Red Flags (726)
  • Refraining from Unethical Behavior (725)
  • Regulation S-P (734)
  • Retirement Options and the Role of the Financial Planner (723)
  • Sales Practices, Securities (733)
  • Understanding the FTC’s Red Flags Rule (736)
  • Unit Investment Trusts, An Overview of (735)
  • Wrap Fee Accounts, An Overview (732)

To review any of the Spotlight Series courses contact your account manager. If you would like to make suggestions for additional topics to add to this series, send an email to Julie.Mendel@StoneRiver.com.

DOI Mandates Email Address Update

Article can be viewed here.

Update on FINRA Proposal to Amend the Form U4

RegEd has been carefully monitoring FINRA’s proposed modification of Form U4 (SR-FINRA-2009-008) to include six additional mandatory DRP questions. On behalf of our clients, we have engaged in a dialogue with FINRA to ensure that the process is optimized.

You are probably aware that action on SR-FINRA-2009-008 has been delayed until Monday 5/11. This means that its release may more closely coincide with wet signature rule SR-FINRA-2009-019. Although elimination of the wet signature requirement will simplify compliance with these modifications to the Form U4, RegEd has a comprehensive solution that will assist you and your representatives with full compliance, with, or without, a wet signature. Our regulatory experts are monitoring all relevant FINRA rules and will ensure that you take advantage of the most efficient means to comply.

Critical Information You Need to Know:

  1. You will have 180 days from the effective date of this rule to file the U4 amendment for all of your representatives.
  2. FINRA is developing a tool, accessible through WebCRD, that will permit batch filing for representatives who answer ‘NO’ to all newly amended questions.
  3. FINRA has submitted a new rule to the SEC that would permit disclosure amendments to be filed without the Representative providing a wet signature. (SR_FINRA-2009-019).

RegEd’s Solution for this Rule Filing

 

  1. Whether you are a new or existing client, RegEd can rapidly implement a questionnaire that will facilitate representative responses to each of the six new DRP questions.
  2. You will have:
    • Automated email notification to a specific email address of your choice of all ‘Yes’ responses and access to an electronic report of all Representative responses.
    • Real time status updates through RegEd Reports to monitor that your population has completed the Questionnaire.
    • The ability to include detailed instructions on how to complete and submit a paper Form U4, with a wet signature, for all respondents. NOTE: If the waiver of the wet signatures is approved, this step may become unnecessary.
  3. RegEd will provide an electronic file of CRD numbers for batch processing of all ‘No’ amendments in WebCRD.

With minimal resources and expense, RegEd’s solution will make the process of complying with this new ruling straightforward and efficient.

If you are an existing RegEd client or not, we can help. Contact us at 800.334.8322 Option #6 or sales@reged.com to begin implementing the solution to address these new DRP questions.

2009 AML Training that Targets your Line of Business

StoneRiver – RegEd is excited to announce expanded training modules on preventing and detecting money laundering. With our AML library of 20 courses you have the ability to select training specific to your line of business and offer training options to your registered, non-registered, and insurance licensed representatives. New for 2009 titles include:

  • Anti-money Laundering Annual Update 2009 (35AU09)
  • Anti-money Laundering Fundamentals (717)
  • Recognizing and Responding to Red Flags (726)
  • Money Laundering – The Institutional Broker-Dealer Perspective, Sixth Edition (35INST_6)

 

For a complete list of AML course titles and descriptions please click here or contact us at sales@reged.com or 800.334.8322 Option #6.

Invesco Aim Distributors, Inc. Selects StoneRiver – RegEd for Firm Element, DataTrax and AuditTrax

RegEd is pleased to announce that Invesco Aim Distributors, Inc. chose Firm Element, DataTrax and AuditTrax after a comprehensive analysis of the products available to address their needs. RegEd continues to deliver the highest quality products, services and content through is commitment to customer service, technology and innovation. RegEd is delighted to add Invesco Aim Distributors, Inc. to a long list of satisfied Trax users.

Calton & Associates, Inc. Selects StoneRiver – RegEd

RegEd is pleased to announce that Calton & Associates, Inc. chose Firm Element, Questionnaires, ACM OnDemand and AuditTax after a comprehensive analysis of the products available to address their needs. RegEd continues to deliver the highest quality products, services and content through is commitment to customer service, technology and innovation. RegEd is delighted to add Calton & Associates, Inc. to a long list of satisfied Trax users.

Introducing StoneRiver – A New Name for your Insurance Technology Partner

For many years you have known us as Fiserv Insurance Solutions, National Flood Services, RegEd, Emerald, DCRx, P2PLink, Third Party Solutions (TPS), FSC, or by our various solution names. Today we begin a new journey as your technology partner with our formal transition to StoneRiver. And the best part is we’re not starting from scratch with our effort. We’re starting with the best.

We are excited to unveil our corporate logo and corporate web site located at www.stoneriver.com. Our new visual identity represents the balance of strength and adaptability required for success in a changing world. The new web site centralizes content, and makes navigation to relevant information faster and easier. We invite you to visit the site.

We strive to earn your respect through dedication to responsive client service and effective technology. Our brand values are centered on the success of the clients we serve. StoneRiver clients and partners should expect continuity in the services and products they receive from the people they know and trust – all delivered with a renewed sense of commitment.

As we embark on our journey today as StoneRiver we continue to bring the best in software and processing solutions to hundreds of insurers, thousands of agents and brokers, and tens of thousands of pharmacies. It’s a journey of building opportunities for you and helping you reach your destination.

Regards,

Mark Damico, President and CEO, StoneRiver

RegEd is offering more than 70 new courses for 2009!

Review our New Course List for courses on topics important to the regulators and to operating effectively in this new economic environment. Many RegEd courses are eligible for FE, Insurance CE and professional designations. Here are three of the topics we are offering in 2009:

  • Helping Clients Navigate an Unstable Economy – Provides guidance on how to communicate with clients and guide them through an unstable economy including turbulent markets and funding for future needs.
  • Retirement Options and the Role of the Financial Planner – Provides an accounting for a variety of retirement options, features and benefits and the role of the financial planner and/or investment advisor in guiding clients in making sound decisions. May be eligible for professional designation continuing education credit.
  • Anti-Money Laundering Annual Update 2009 – Provides an update on the anti-money laundering events that occurred during the 2008 calendar year. May be eligible for professional designation continuing education credit.

 

Review the complete list of new topics or go to www.reged.com and see our complete catalog. And don’t forget, custom courses are our specialty. If you don’t see what you need, call us, we can create a course to meet your exact specifications in no time!

Fulfill Your Florida Suitability Requirement

Any person who holds a license to solicit or sell life insurance in this state of Florida must complete a minimum of three hours in continuing education, approved by the department, on the subject of suitability in annuity and life insurance transactions.

State and Federal regulators are aggressively advocating safeguards around the sales and suitability of annuity and life products and transactions. These regulators are implementing training requirements to reinforce these rules and guidelines. RegEd’s course provides an in-depth accounting of the role and responsibilities of the licensee with regard to the full array of annuity products with special attention to the regulations in place in the state of Florida.

RegEd’s course Suitability of Annuity and Life Transactions for Senior Consumers, Florida Edition (course ID 176_FL) meets and has been approved for the required three hours of training in the state of Florida. Contact your account manager to have this course added to your insurance catalog or, if you are an individual seeking to fulfill this requirement, please visit www.reged.com and register to complete the course through our virtual university.

New ACM Segments on Hot Topics for 2009

RegEd makes it easy to include some of regulators’ key topics in your Annual Compliance Meeting. Choose from our list of new segments for 2009, from our full catalog of ACM OnDemand segments, or ask RegEd to develop a custom meeting that incorporates all that is critical for your firm! No matter what topics you choose, RegEd’s ACM OnDemand makes delivering a high quality, convenient, cost-effective meeting simple. Review our new 2009 topics and call today to discuss scheduling your Annual Compliance Meeting. In no time, this significant compliance requirement will be fully satisfied!

Hot Topics for 2009 Annual Compliance Meetings

Refraining from Unethical Behavior:A small loan to a client, a loan from a client, payments between registered representatives, commissions, referral fees…this course is designed to draw the line between what is and is not acceptable with regard to payments in various scenarios focusing on situations that are in the gray area of right and wrong.

Recognizing and Responding to Red Flags (AML):Centers around identifying red flags, stopping the current activity, reviewing the issue and taking the necessary steps to report red flag issues.

Regulation S-P:All financial services professionals are bound to protect client privacy. This concept is evidenced through the implementation of Regulation S-P of the Gramm-Leach-Bliley Act requiring financial institutions to adopt written policies and procedures to maintain and safeguard client privacy.

Reportable Investment Related Activities (OBA):Delineates steps to be taken by a registered representative when their outside business activities become a conflict of interest with their role with their broker-dealer.

Auction Rate Securities:Auction rate securities are long term investments with interest rates or dividends they pay reset at frequent intervals through auctions. This course will review the ARS processes, disclosure requirements and consequences of failed auctions.

Rule 10b-21: Short Sales:Focuses on the subjective, ethical and moral decisions required by the trader with discretion over a client account.

Sales Practices:Spotlights sales practices, proper disclosure and provides guidance on how to avoid the albatross that a bad reputation and deceptive sales practices may create.

Discretionary Trading:Focuses on the subjective, ethical and moral decisions required by the trader with discretion over a client account.

AML Fundamentals*:Provides a basic overview of the definitions, fundamentals and requirements of Anti-Money Laundering.

Fiduciary Responsibilities*:Defines fiduciary responsibility in the role of a Registered Representative. Discusses the complex fiduciary relationship governing the legal and ethical activities of those in positions of authority with respect to clients’ assets or their personal affairs. Reviews the differences between fiduciary responsibilities of a registered representative and an investment advisor and the many securities industry regulations apply to both. Examines the role of a registered representative as a fiduciary, and the high standards of loyalty and duty of care owed to their clients.

Everyday Ethics: Doing the Right Thing*:Defines ethics in the workplace, reviews personal responsibility and accountability for one’s actions, compliance with applicable laws, regulations and company policies and discusses common dilemmas, conflicts of interest and confidentiality of information. This everyday, common sense information is summarized through a series of case studies.

Segments indicated by an * are available immediately. Ask for the 2009 release date for all other segments.

Fiserv Insurance Solutions Announces New Corporate Brand Name: StoneRiver

Brookfield, WI. January 7, 2009 – Fiserv Insurance Solutions, a leading provider of technology and strategic solutions for the insurance industry, announced that the company will be known as StoneRiver beginning March 2, 2009. Consolidating all operations under a new, unifying brand name is designed to simplify customer identification of the company. Over the coming months, the Fiserv Insurance Solutions business lines will undergo a name change to reflect the new brand.

“The name StoneRiver was selected because it symbolizes strength and transformation,” said Mark Damico, President and CEO of Fiserv Insurance Solutions. “We are a company with strong values, integrity, and thought leadership with a track-record of commitment to long-term successful partnerships and to industry-leading innovation. This is an exciting time for our employees, business partners and our loyal customers. We thank them for supporting our transition and look forward to a productive future together at StoneRiver.”

In July, 2008, Fiserv Insurance Solutions announced that Trident IV, a private equity fund managed by Stone Point Capital LLC, acquired a 51 percent interest in the insurance businesses of Fiserv, Inc. Fiserv Insurance Solutions will continue to operate under its current name until March 2, 2009 when the formal transition to StoneRiver will occur. Future steps to launch the new brand will include a new logo and corporate web site, which will be rolled out progressively through 2009.

About Fiserv Insurance Solutions

Hundreds of Life, P&C, and Reinsurance carriers, as well as thousands of agents, brokers-dealers, and tens of thousands of pharmacies rely on Fiserv Insurance Solutions for innovative technology, professional services, business process outsourcing, and application outsourcing solutions. Our solutions include insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale technology and service solutions. In addition, more than 3,000 clients use the company’s market-leading financial and compliance solutions. Fiserv Insurance Solutions can be found on the Internet at www.fiservinsurance.com.

For more information contact:

Eddie Jones, Senior VP, Marketing & Communications

803-476-1468 or eddie.jones@fiserv.com

RegEd Adds Over Two Dozen Property, Casualty and Adjuster Insurance CE Courses

RegEd continues to expand its already vast library by adding a full offering of Property, Casualty and Adjuster Continuing Education content. We are excited about this initiative and plan to offer material specific to this audience. You can look forward to the following titles and more!

  • Claim Investigation and Evaluation
  • Role and Responsibility of the Insurance Adjuster
  • Successful Negotiation of Claim Settlement
  • Application of Basic Business Law to Insurance Concerns
  • Contractual Liability and the Additional Insured
  • Ethical Concerns of the Property and Casualty Professional
  • Risk Management in the Property and Casualty Industry
  • Construction Insurance, Liens, Notices and Bonds
  • Consumer Protection Requirements
  • Sharing the Risk Through Reinsurance

For a complete list of Property, Casualty and Adjuster continuing education titles and descriptions please click here or contact RegEd at 800.334.8322 or content.development@reged.com.

New for 2009!

We are pleased to announce that we will continue to grow the RegEd library by 15% with new courses appropriate for the following audiences:

  • Firm Element
    • Retail Sales (FE)
    • Institutional Sales (FE)
    • Investment Advisors (FE)
  • Insurance
    • Life and Health (L&H)
    • Property and Casualty (P&C)
    • Adjuster (P&C/ADJ)
  • Professional Designation
    • CFP (PD)
    • PACE (PD)
    • CPE (PD)

Topics to be covered in our new for 2009 material include: AML, Ethics, Supervision, Outside Business Activities, MSRB Rules, Estate Planning, Suitability of Annuities and Other Transactions, 403(b) Plans, Risk Management Retirement Options and Privacy Concerns.

Click here to see some of the titles you can expect in 2009.

For a complete list of our new for 2009 course titles and brief descriptions please contact your account manager or email content.development@reged.com.

RegEd Partners with KnowtheRisk! to Bring Producers New Insight into Underwriting through Innovative CE CoursesCanadian Company, KnowtheRisk!, Changes they Way Producers Sell

RegEd, Inc., in alliance with KnowtheRisk! (www.knowtherisk.com), is the first company to bring US insurance producers invaluable insight into the underwriting process. Building on its long-standing reputation for making financial services content clear, interesting and easily comprehensible, RegEd is working with KnowtheRisk! to prepare their Underwriting CE courses for online delivery in the US market, with full regulatory approval.

“Understanding the whys and hows of underwriting can make an agent a much more authoritative insurance advisor, and a much better advocate for company products,” said Romeo Vitagliano, President and CEO, KnowtheRisk!. “The differences in level of understanding that have always existed between sales and underwriting is unnecessary. When agents understand the underwriting process, they become better advocates for their clients and for the company, making it easier to bring together the right needs and the right products.”

“We are very excited to bring this new CE content to the US market,” said Angela Pace, Chief Operating Officer, RegEd, Inc. “With an aging US population, Life and Critical Illness insurance are key segments where a deeper understanding of how underwriting decisions are made is a powerful tool for any insurance agent. We expect the first phase of KnowtheRisk! Underwriting CE courses to be available through a customized RegEd online Virtual University in January 2009.”

RegEd, Inc. is one of the leading providers of compliance solutions in the securities and insurance industries and has established itself as one of the foremost regulatory education resources. RegEd is driven by technology innovation and has developed a line of intelligent Internet-based products for clients to efficiently handle compliance regulations. These include an automated audit tracking system, online compliance questionnaires, customer compliance tracking tool and an advertising review module, among other innovative applications.

KnowtheRisk! is an innovative internet company founded by underwriting experts, Romeo Vitagliano, ACS, FALU, FLMI and Dr. Tim Meagher. The Knowtherisk! founders have used their four decades of underwriting and medical education experience to bring new levels of understanding of the underwriting process to insurance producers and underwriters in Canada.

Dr. Tim Meagher* is a practicing internist who has held several senior level hospital administration positions. Tim has also spent over 25 years consulting in the life insurance industry. He is presently Chief Medical Officer of the Standard Life Assurance Company in Montreal and Chief Medical Officer at Munich Reinsurance Company as well a Consulting Medical Officer to Exam One Canada. He is Past President of the Canadian Life Insurance Medical Officers Association (CLIMOA).

Romeo Vitagliano* began his career in the financial services industry as a producer and later went on to hold increasingly senior executive positions as a risk selection professional. He is privileged to have been Metlife’s last chief underwriter in Canada. A former Canadian editor of On The Risk – the Journal of the Academy of Life Underwriting – he is an author of a number of risk selection papers, newsletters and studies.

*Dr. Tim Meagher and Romeo Vitagliano are available to speak at conferences and seminars upon request.

RegEd Endorses Mari Buechner for FINRA Board of Governors

One of RegEd’s first clients – Mari Buechner from Coordinated Capital Securities – is running for the small firm seat on FINRA’s Board of Governors. Cast your vote on her behalf.

Mari is the owner, chief executive and chief compliance officer of her small full-service broker-dealer. She has been affiliated with Coordinated Capital since 1987 and has experience in all aspects of the industry, including operations, administration, and compliance. Mari is also a member of FINRA’s Small Firm Advisory Board, the FINRA District 8 Nominating Committee, and the FINRA Independent Dealer/Insurance Affiliate Committee. In addition, Mari has served on FSI’s Board of Directors since 2007.

For more than 15 years, RegEd has served more than 700 broker-dealers per year with our education and compliance offering. Of those, many qualify as a “small firm” by the FINRA definition. Despite the designation as small, these clients are required to maintain many of the same compliance requirements as their larger counterparts, often with fewer resources. And yet they, like RegEd, seek to provide a high quality offering to affiliated registered representatives and their clients. Having a seat at the FINRA board that is manned by someone with Mari’s deep, first hand experience with the challenges facing small firms would be a benefit.

Mari has RegEd’s endorsement. Please take time to review her credentials and cast your vote on her behalf at http://www.ccsmadison.com/CAMPAIGN_2008.html.

As a reminder, there are three ways to vote for NASD Group Committee Nominee “MARI BUECHNER”:

BY MAIL:

With the FINRA proxy card you received in late October.

BY TELEPHONE:

By calling 1-888-693-8683 and entering your access code provided by FINRA.

BY INTERNET:

At www.cesvote.com and enter your access code provided by FINRA

Registration Renewal Season Is Here

Our DataTrax Registration Renewal module will save you time and money.

  • Simplify the renewal process:No need to email your reps asking which registrations to terminate. DataTrax Renewals pushes the renewal selection process down to your representatives and managers.
  • Provide Oversight:Require managers to approve all renewals and easily keep tabs on who still needs to complete their selection.
  • Save time submitting partial U5s:Quickly submit post-dated partial U5s, individually or in bulk, to FINRA for all your reps in just a few clicks.
  • Discover wasteful spending:Reports allow you to easily see which jurisdictions cost you the most and uncover opportunities to save.

 

Contact your account manager or sales rep and let us show you how you can simplify this time consuming process.

CourseTrax 2.0 Launched

RegEd is pleased to announce the successful launch of CourseTrax 2.0. RegEd’s CourseTrax application allows companies offering continuing education programs to easily manage their programs online. Supporting both self-study and classroom programs, CourseTrax tracks provider and course approval data. For classroom programs, CourseTrax tracks instructor data, classroom event details and attendee data. Using CourseTrax, marketing and training departments can delivery quality programs and ensure that the maximum amount of continuing education credits are obtained for each course.

CourseTrax 2.0 contains several new features, including:

  • A new user interface built on RegEd’s Trax compliance application platform
  • Improved navigation and menus to quickly move between classroom events, approval data, and attendee rosters
  • A robust hierarchy that allows large programs to organize instructors by region or other groupings
  • Enhanced reporting functions powered by RegEd’s ReportTrax application
  • And many more user-friendly features

 

Contact us at sales@reged.com or 800.334.8322 Option #6 to discuss how CourseTrax 2.0 can enhance your insurance continuing education program today.

Fiserv Completes Sale of Majority Interest in its Insurance Business

Brookfield, Wis., July 15, 2008

Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial and insurance industries worldwide, today announced that it has completed its previously announced transaction with Trident IV, a private equity fund managed by Stone Point Capital LLC, in which Trident has acquired a 51 percent interest in Fiserv’s insurance business.

Fiserv received approximately $510 million in net after-tax proceeds and retains a 49 percent equity interest in the business.

About Stone Point Capital LLC Stone Point Capital LLC (www.stonepoint.com) is a global private equity firm based in Greenwich, Connecticut. Stone Point Capital, which serves as the manager of the Trident Funds, has raised more than $10 billion of committed capital for investments in the global insurance and financial services industries.

About Fiserv Insurance Solutions, Inc. Hundreds of Life, P&C, Health, and Reinsurance carriers, managing general agents, and administrators rely on Fiserv Insurance Solutions for innovative insurance technology, professional services, and outsourcing solutions. Solutions include business process outsourcing, insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale technology and straight-through processing solutions. In addition, more than 3,000 clients use the company’s market-leading financial and compliance solutions. Fiserv Insurance Solutions can be found on the Internet at www.fiservinsurance.com.

About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software, risk management and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.

Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proceeds from the transactions discussed herein. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may adversely impact the anticipated outcomes include, among others: the amount of the costs, fees, expenses and charges related to the transaction may be different than expected; Fiserv’s expectations regarding the accounting and tax treatments of the transaction may be different than currently planned; and other factors identified in Fiserv’s filings with the SEC from time to time, including those in its annual report on Form 10-K. You should consider these factors carefully in evaluating forward-looking statements, and are cautioned not to place undue reliance on such statements. Fiserv assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

For more information contact:

Media Contact:

Lori Stafford-Thomas, Assistant V.P. Corp. Comms.: (262) 879-5130 | lori.stafford@fiserv.com

Investor Contact:

David Banks, V.P. Investor Relations: (262) 879-5055 | david.banks@fiserv.com

Letter from President: RegEd Included in Fiserv’s Sale of Insurance Business

July 2, 2008

We are truly excited about Fiserv’s pending agreement with Stone Point Capital to acquire a majority stake in the Fiserv Insurance Group, of which RegEd is a part. Stone Point Capital, which has a 20-year history of successful investing in the global insurance and financial services industries, recognizes and shares our commitment to product innovation and customer and employee satisfaction. This business philosophy and culture supports the deep commitment we have always had to provide our clients with quality products and excellent service. I am confident that our partnership with Stone Point Capital is well-matched to our strategic vision and will position RegEd for continued innovation in education, training, compliance and registration and licensing solutions.

Feel free to read more about Stone Point here and to contact us with any questions. A seamless transition has been planned so that there are no interruptions in service. RegEd’s leadership team will remain intact and client account management will not change.

We look forward to continuing and deepening our relationship with you in the coming years.

Warmest regards,

John M. Schobel V

Fiserv Agrees to Sell Majority Interest in its Insurance Business

Brookfield, Wis., July 2, 2008– Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial and insurance industries, today announced it has signed a definitive agreement with Trident IV, a private equity fund managed by Stone Point Capital LLC, in which Trident will invest approximately $205 million in equity and $335 million in debt to acquire a 51 percent majority interest in Fiserv’s insurance businesses.

Fiserv expects to receive approximately $510 million in net after-tax proceeds and to retain a 49 percent equity interest in Fiserv Insurance Solutions. The transaction is anticipated to close in July 2008, subject to regulatory approval and other customary closing conditions. The transaction will include nearly all aspects of Fiserv’s insurance segment. The current management team and employee base will continue with the company, which will be known as Fiserv Insurance Solutions, Inc.

“Stone Point Capital brings a proven track record of insurance industry success that we believe will accelerate the growth opportunities for Fiserv Insurance Solutions and its clients,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “Within Fiserv, we are able to free up capital, maintain an interest in Fiserv Insurance Solutions that should increase in value, and intensify our focus on delivering products and services within the broad financial services and payments landscape.”

“We are delighted to partner with Fiserv and the management team of Fiserv Insurance Solutions,” said Chuck Davis, Chief Executive Officer of Stone Point Capital. “Fiserv Insurance Solutions is a leading player in the insurance technology and outsourcing space. We believe there are a number of exciting growth opportunities for the business, and we look forward to working with the Fiserv Insurance Solutions management team to pursue these growth initiatives as an independent company focused on serving the insurance marketplace. We are also pleased that Fiserv will be continuing its involvement, through a significant minority ownership position, which we believe will further enhance the company’s prospects for success.”

Stone Point Capital and its predecessor operations have a 20-year history of successful investing in the global insurance and financial services industries. Stone Point Capital primarily targets investments in the insurance and financial services industries, including insurance underwriting, distribution and services, benefits and healthcare, asset management and retirement savings, and banking and depository institutions.

“Stone Point Capital’s business philosophy and culture match our own,” said Mark Damico, president and CEO of Fiserv Insurance Solutions. “The entire Fiserv Insurance Solutions management team is excited to go to market with a partner with deep insurance sector expertise.Stone Point Capital recognizes our commitment to employees as well as clients and, through our partnership, we will continue to provide innovative solutions for years to come.”

“Over the last year, Fiserv has assembled a powerful combination of products and services to better serve our clients,” added Yabuki. “Going forward, we are focused on delivering unique value through innovative technology solutions and product integration. Additionally, we will seek opportunities to bolster our payments and transaction processing capabilities – organically and through acquisition – which enhance our overall market position.”

Fiserv expects to receive approximately $510 million of net transaction proceeds and expects slight 2008 earnings dilution of less than 1 percent, or $0.02 to $0.03 per share depending upon reinvestment of the net proceeds. In connection with the sale, Fiserv also affirmed its 2008 adjusted earnings per share guidance range of $3.28 to $3.40 from continuing operations. Fiserv expects the transaction to be accretive to its long-term revenue, earnings and margin growth rates.

Upon closing the transaction, Fiserv will no longer consolidate revenue and expenses from Fiserv Insurance Solutions. Due to the sale of its majority interest, the company will report its 49 percent share of net earnings in Fiserv Insurance Solutions on a single income statement line item, which is anticipated to begin in Fiserv’s third quarter earnings announcement.

In a related action, the Fiserv Board of Directors authorized the repurchase of up to an additional 10 million shares of Fiserv common stock. [See related announcement, “Fiserv Announces 10 Million Share Repurchase Authorization.”]

About Stone Point Capital LLC Stone Point Capital LLC (www.stonepoint.com) is a global private equity firm based in Greenwich, Connecticut. Stone Point Capital, which serves as the manager of the Trident Funds, has raised more than $10 billion of committed capital for investments in the global insurance and financial services industries.

About Fiserv Insurance Solutions, Inc. Hundreds of Life, P&C, Health, and Reinsurance carriers, managing general agents, and administrators rely on Fiserv Insurance Solutions for innovative insurance technology, professional services, and outsourcing solutions. Solutions include business process outsourcing, insurance policy and claims administration, underwriting, rating, advanced billing and collections, point-of-sale technology and straight-through processing solutions. In addition, more than 3,000 clients use the company’s market-leading financial and compliance solutions. Fiserv Insurance Solutions can be found on the Internet at http://www.fiservinsurance.com/.

About Fiserv, Inc. Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software, risk management and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com.

Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the timing of, and proceeds from, the transactions discussed herein, and the expected impact of the transaction on the company’s earnings per share, revenue, earnings and margin growth rates. Forward-looking statements are subject to assumptions, risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. The factors that may adversely impact the anticipated outcomes include, among others: the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement; the outcome of any legal proceedings that may be instituted against the parties or others related to the transaction agreement; conditions to the completion of the transaction may not be satisfied, or the regulatory approvals required for the transaction may not be obtained on the terms expected or on the anticipated schedule; the amount of the costs, fees, expenses and charges related to the transaction may be different than expected; the parties’ ability to meet expectations regarding the timing, completion and accounting and tax treatments of the transaction may be different than currently planned; and other factors identified in Fiserv’s filings with the SEC from time to time, including those in its annual report on Form 10-K. You should consider these factors carefully in evaluating forward-looking statements, and are cautioned not to place undue reliance on such statements. Fiserv assumes no obligation to update any forward-looking statements, which speak only as of the date of this press release.

For more information contact:

Media Contact:

Lori Stafford-Thomas, Assistant V.P. Corp. Comms.: (262) 879-5130 | lori.stafford@fiserv.com

Investor Contact:

David Banks, V.P. Investor Relations: (262) 879-5055 | david.banks@fiserv.com

Fiserv Honored as 2008 Microsoft Partner of the Year for Global ISV Line of Business

Brookfield, Wis., June, 17, 2008 –Fiserv, Inc. (NASDAQ: FISV), a leading provider of information technology services to the financial and insurance industries, announced today it has won the 2008 Microsoft Partner of the Year Global Independent Software Vendors (ISV) Line of Business Special Recognition award. The company was chosen from an international field of top Microsoft partners as delivering market-leading customer solutions built on Microsoft technology.

“We are honored to have been chosen by Microsoft as the first financial services partner to receive this global award,” said Jeffery Yabuki, Fiserv President and Chief Executive Officer. “It is our mission to deliver differentiated technology solutions which help our clients achieve best-in-class results. We will continue to find innovative ways to extend our partnership with Microsoft to deliver value to Fiserv’s clients today, and into the future.”

Awards were presented in a number of categories, with winners chosen from a pool of more than 2,000 entrants worldwide. Fiserv was recognized for superior technology and innovation in the Global ISV Line of Business. The Microsoft Global ISV Line of Business Partner of the Year Special Recognition award is given to the Global ISV partner that has demonstrated line of business application leadership excellence. The Microsoft Global ISV Line of Business Partner of the Year Special Recognition award, which recognizes the most valuable global partner in delivering Microsoft solutions to mutual customers over the past year, in coordination with Enterprise Partner of the Year Special Recognition award, acknowledges the global partner that has demonstrated leadership in driving Microsoft-based solutions and was the most valuable line of business partner to the worldwide field.

“In the last year we have seen Fiserv focus on integration of its products through Fiserv 2.0 and look for new ways to serve its clients. Their commitment to Microsoft technology provides a powerful accelerator for success in the financial services industry,” said David Vander, managing director, Worldwide Financial Services, Microsoft Corporation. “Fiserv’s comprehensive solution suite is tailored to meet the extensive requirements of the financial services industry by consistently delivering innovative solutions leveraging Microsoft technology.”

Some examples of these solutions include:

  • Fiserv’s next generation of the Voyager online banking product from Corillian, leverages Web 2.0 features, including Microsoft .NET 3.5 ASP.NET, and enables banks to offer a differentiated and improved user experience to grow their online customer base and improve customer satisfaction.
  • Fiserv’s next generation corporate performance management portal, Intelligent Workplace, from IPS-Sendero provides banks with a single unified business intelligence ecosystem via a browser-based employee portal that takes advantage of Microsoft Office 2007 and SQL Server 2008 technology innovation that greatly enhances the ability of a financial institution to locate the right information and deliver it to the right employee at the right time.
  • Utilizing Microsoft .NET and deployed on Microsoft Windows Server and SQL Server, Fiserv Aperio from Fiserv CBS is a process-centric, multi-channel sales and service solution designed expressly for financial institutions to enable a consistent customer experience across branch, call center and web channels, as well as allowing back-office processes to be rapidly re-configured to meet evolving business needs.
  • Fiserv ITI’s array of SOA-based innovations, including cash management and Internet banking solutions, PremierEcorp and PremierEcom, which are used by more financial institutions than any competitor and leverage Web 2.0 features, including .NET 3.5 ASP.NET, to offer a differentiated user experience, improve customer satisfaction and grow accounts. Fiserv’s business process management solution, Expedite, built entirely on .NET and SQL Server technology is used by more financial institutions to board new accounts and services through the Internet or branch.

 

“We are pleased that partners like Fiserv use Microsoft applications to supply the financial services industry with needed IT,” said Robert Deshaies, vice president, U.S. Partner Group, Microsoft Corp. “Delivering the most up-to-date information and analyses to the right people at the right time is a shared endeavor between our companies.”

The Microsoft Partner Program Awards recognize Microsoft partners that have developed and delivered exceptional Microsoft-based solutions during the last year. For more information on Microsoft (NASDAQ: MSFT) and the Microsoft Partner Awards, visit http://www.microsoft.com/Presspass/press/2008/jun08/06-16POTYFinalistsPR.mspx

About Fiserv, Inc.

Fiserv, Inc. (NASDAQ: FISV), a Fortune 500 company, provides information management and electronic commerce systems and services to the financial and insurance industries. Leading services include transaction processing, outsourcing, electronic bill payment and presentment, investment management solutions, business process outsourcing (BPO), software and systems solutions. Headquartered in Brookfield, Wis., the company is the leading provider of core processing solutions for U.S. banks, credit unions and thrifts. Fiserv was ranked the largest provider of information technology services to the financial services industry worldwide in the 2004, 2005 and 2006 FinTech 100 surveys. In 2007, the company completed the acquisition of CheckFree, a leading provider of electronic commerce services. Fiserv reported nearly $4 billion in total revenue from continuing operations for 2007. For more information, please visit www.fiserv.com

2008 ACM OnDemand Topics

RegEd is pleased to announce many new additions to our ACM OnDemand library! We have developed content that covers the following topics:

  • 2821: Rules Surrounding Deferred Variable Annuities
  • Catering to Senior Investors
  • Fiduciary Responsibilities of Registered Representatives
  • Truth and Accuracy in Documentation
  • Customer Privacy and Identity Theft
  • CIP for Clients Other than Natural Persons
  • And More

As with other RegEd ACM OnDemand segments these new units run approximately 15 minutes in length, are enhanced with graphics and audio and contain a polling question at the end. We are sure you will find this information beneficial to your entire population of registered representatives and principals.

Click here to see our entire library of ACM OnDemand segments or contact us to create your meeting.

Anti-Money Laundering for the Institutional Client

RegEd is pleased to announce that anti-money laundering training is available in an online, self-study format not only for the securities and insurance industries but also for the institutional client and the futures industry.

AML for the Futures Industry (course ID 35C) is specifically designed to provide guidance on requirements and developments affecting individuals involved with the National Futures Association.

RegEd’s AML Practices for Institutional Clients(course ID 35INST_A) addresses the anti-money laundering rules applicable to broker-dealers in serving the needs of institutional clients. The text provides a brief statement and discussion of each applicable rule followed by a case study demonstrating its application to a hypothetical fact pattern.

As an alternative training course RegEd also offers Money Laundering: The Institutional Broker-Dealer Perspective, Fifth Edition (course ID 35INST_5) has been updated to reflect the developments to the Anti-Money Laundering regulations over the course of the past calendar year.

For more information on RegEd’s Continuing Education offerings, click here.

Four CE Hours for Iowa Indexed Products

The Iowa Insurance Division recently adopted rules 191-15.80 – 87 which require all producers who wish to sell fixed index life or annuity products on or after January 1, 2008 to complete a 4 credit training course. Courses must be filed and approved according to the general continuing education course approval guidelines; RegEd’s Course Iowa Indexed Product Training (course #156_IA) is designed to meet this training requirement and has been approved for four credit hours.

FINRA Rule 2821

Effective May 5, 2008 FINRA is implementing Rule 2821 which covers the rules and regulations surrounding the sales, supervision and approval processes pertaining to deferred variable annuities. RegEd’s course 2821: Rules and Regulations Surrounding Deferred Variable Annuities covers the full circle of the process including client recommendation, suitability obligation, principal review and approval as well as the supervisory procedure requirements. This course is appropriate for both the registered representatives and the registered principals at your firm.

For more information on RegEd’s Continuing Education offerings, click here.

Ethics CE in Florida

The state of Florida has a requirement that all licensees complete three hours of credit in the area of ethics each license renewal period. The Florida Department of Insurance recently approved RegEd’s course Ethical Issues in the Financial Services Industry for four hours of continuing education credit. The course is a real-world view of ethical considerations that registered representatives and insurance licensees face throughout the course of their day-to-day business. This course is presented in a case studies format requiring the end-user to apply the ethical principles discussed in the study material.

For more information on RegEd’s Continuing Education offerings, click here.

Oregon Specific CE Now Available

The state of Oregon requires that all licensees complete three hours of continuing education training on the topic of state-specific laws and regulations that pertain to the insurance services industry. The Oregon Department of Insurance recently approved RegEd’s course: Oregon Insurance Laws and Regulations for three hours. This important course covers the legal ins and outs of Insurance Services in layman’s terms allowing the licensee to be aware and understand the legal aspects of their profession.

For more information on RegEd’s Continuing Education offerings, click here.

Senior Investor Awareness

Recently there has been a heightened focus on the suitability and sale of investment products to senior investors. It is important that registered representatives know their customer and assure that the investment products being sold, particularly to the senior citizen population are suitable. RegEd’s course Catering to Senior Investors covers the suitability obligation, rules and regulations surrounding senior investors and ethical principles regarding sales to the elder audience.

For more information on RegEd’s Continuing Education offerings, click here.

Primerica Selects RegEd Xchange

After a rigorous build versus buy analysis, Primerica has chosen RegEd Xchange to fully automate its registration operation. “We have used a patchwork system that automated only pieces of the compliance function,said Cindy Mitchell, Chief Operating Officer of PFS Investments, Inc. “We were ready for end-to-end automation, with self-service, for our 23,000 FINRA licensed registered representatives. Primerica has found that with RegEd Xchange.”

“Our team evaluated the products that are available in the marketplace and concluded that RegEd Xchange is the right solution for this critical compliance function considering the size and complexity of our organization,” said William Kelly, President and CEO, PFS Investments, Inc.

“With Primerica’s selection, Xchange has taken one step further in becoming the platform of choice for the registration community. Primerica is the largest financial services marketing organization and we are privileged to have them as our customer,” added Val Poltorak, Executive Vice President of Licensing and Registration Solutions for RegEd. “The sheer volume of Primerica reps will further drive the demand for efficiencies and help the registration community at large by providing a very effective processing platform.”

Click here for more information on RegEd Xchange.

New 2008 Training Options

RegEd is pleased to provide our NEW course offerings for 2008. Our Education Services team, together with RegEd subject matter experts and RegEd’s content user group combed new industry regulations, news and events to identify the topics top representatives and agents must know. We are confident that this list represents the best new education offerings to maximize productivity, ensure compliance and increase sales effectiveness.

As you may know, RegEd is always happy to create custom courses to meet our clients’ specific needs. If you require a course that is not in our comprehensive catalog, give us a call. Financial Services Education is our business.

Click here to download a PDF of our 2008 training options.

Do some of your Life/Health Producers need Long Term Care CE?

Our aging population and the increasing sale of Long Term Care insurance has caused states to create specific requirements, for training and CE, for this type of insurance. As you know, the requirements are not the same in every jurisdiction and do not apply to every Life/Health agent. That’s why experts at RegEd have studied the requirements, outlined the rules by state, and developed a new course, Long Term Care – An In Depth View. This course is being approved in every state for an average of 8 hours of training and/or CE. In addition, it has been approved by PACE and CFP for 16 hours.

Long Term Care – An In Depth View will give professionals selling Long Term Care insurance the essential foundation required to be effective in the sale of this insurance. This RegEd course has already been approved in the majority of states, with approval pending and expected in the remaining jurisdictions.

Click here to get more information about our Long Term Care course or other courses that meet specific state requirements.

Getting Your CE Just Got Easier!

RegEd is pleased to announce new and improved course ordering features to our Course System. These changes will be available in late August. This new design was influenced by recommendations from clients with the primary intent to ensure that the user can easily order courses that will fulfill their requirements, whether it is firm element or Insurance CE.

The CE Course Selection List will now ensure those users who have decided to order Insurance CE or Professional Designation credits order the associated CE with the course. Therefore, the CE Credit box will be automatically checked when the course is selected. When the course is deselected the Insurance or Professional Designation credit will also be deselected.

The Online Affidavit process contains built in reminders ensuring the proctor and the examinee certify their affidavits after completing the exam. Warning messages are displayed prior to starting the exam and after completing the exam.

More Flexible Searches now Available in AdTrax

RegEd’s advertising review and tracking product, AdTrax, has been enhanced to allow searching on all custom fields within the application. This is a significant enhancement to the data analysis and reporting capabilities within AdTrax. Previously, only standard fields such as Title, Tracking Number and Submit Date were searchable. By building on the existing capability to customize fields to more closely match business needs, clients now have the ability to search on those custom fields and then export the results to Excel for further sorting and data analysis.

For example, rather than simply being able to search for all brochures, AdTrax now provides the means to search for all annuities brochures with the general public as its intended audience. In short, more flexible searches deliver valuable information faster, allowing you to spend less time gathering information and more time acting on it.

AdTrax is web-based application that manages the entire process for advertising and marketing material. Developed to streamline and automate the approval process, AdTrax provides a centralized solution to improve efficiency and effectiveness for everyone involved in the submission and approval process: compliance officers, marketing staff, legal departments and outside vendors. AdTrax eliminates paper and provides detailed tracking and follow-up to minimize risk, ensure compliance and deliver messages to market.

RegEd Expands Insurance Education Product Line with Insurance Pre-Licensing from ABLE Incorporated

Morrisville, North Carolina: February 8, 2007 – RegEd, the leading education and training provider in the securities and insurance industry, is pleased to announce an expansion of its insurance education product line. After thorough investigation and analysis of offerings currently available in the marketplace, RegEd has chosen to partner with ABLE Incorporated to deliver the industry’s finest insurance pre-licensing education.

“ABLE has the same commitment to employing technology to deliver a superior learning experience that RegEd has demonstrated with its NASD exam preparation, Firm Element and Insurance CE product lines”, said Debra Freitag, Executive Vice President of Business Development. “ABLE’s offerings are excellent in terms of content, technology and delivery. Like RegEd’s training products, ABLE’s insurance pre-licensing usually increases student pass rates by double digit margins. Multi-media e-learning offers a medium that suits every type of learner. The strength of ABLE’s e-learning platform, and their commitment to technology-enabled learning, made them a natural partner for RegEd.”

PatrickWall, National Sales Director, ABLE Incorporated explains, “This alliance allows ABLE Incorporated to expand and grow our business within the financial services markets. Pairing our innovative technology and deep experience in insurance training, with an industry leader in NASD exam prep and compliance solutions, provides customers with a centralized way to manage their national training program. We are pleased to be working with RegEd to offer a comprehensive solution.”

RegEd, a unit of Fiserv, Inc. (Nasdaq:FISV), is one of the leading providers of compliance solutions in the securities and insurance industries and has established itself as one of the foremost regulatory education resources. RegEd is driven by technology innovation and has developed a line of intelligent Internet-based products for clients to efficiently handle compliance regulations. These include an automated audit tracking system, online compliance questionnaires, customer compliance tracking tool and an advertising review module, among other innovative applications.