News

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 Courses

Canadian 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.