RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd Announces Partnership With IRI on Training to Help Industry Professionals Comply With the DOL Fiduciary Rule

RegEd, the leading provider of Compliance Education and Product Training solutions for the financial services industry, has announced a partnership with the Insured Retirement Institute (IRI) to offer a series of courses for financial professionals and home office personnel as part of a new training initiative. The modules will enable firms in the securities and insurance industries to effectively train employees on the new and changed standards that have been the product of the DOL fiduciary rule.

“Firms must be equipped to prepare their employees and partners to comply with fiduciary rule requirements,” commented John M. Schobel, Chief Executive Officer at RegEd. “As the industry’s understanding of the rule continues to evolve, effective training content will be developed by subject matter experts who are continuously monitoring the regulatory landscape. We’re pleased to be a part of this initiative, which has been shaped with input from more than 800 industry professionals representing more than 100 leading firms.”

RegEd delivers more than 1,250,000 CE courses and insurance certificates annually. Firms rely on RegEd’s regulatory, compliance and education experts for their deep domain expertise and ability to consistently generate timely educational content that enables organizations to effectively prepare their employees to adapt to changing requirements.

“Training will be one of most critical parts of implementing the DOL’s Fiduciary Rule, which is the most massive regulatory change to impact the industry in decades,” said Cathy Weatherford, IRI President and CEO. “We are proud to partner with RegEd on this initiative so that we can support financial professionals and home office personnel through this process by providing them with clear, streamlined and digestible training.”

The first course in the series of training modules is fully developed and will be available in October (insurance CE credit will be applied for).  Module One provides a comprehensive overview of the DOL rule and the Best Interest Contract (BIC) Exemption, including the following sections: About the DOL Fiduciary Rule; Exceptions from the Rule; Being an ERISA Fiduciary; Understanding Your Fiduciary Responsibilities; The Best Interest Contract (BIC) Exemption; Level-Fee Advisors under the DOL Fiduciary Rule; Impact on Advisor Compensation; Recommending Rollovers under the DOL Fiduciary Rule; Impact on Client Relationships; and Special Rules for Proprietary Products and Fixed-Rate Annuity Contracts. This module is appropriate for anyone whose job is affected by the rule.

Three additional modules are also in development, including a two-part course for financial professionals who are fiduciaries under the new rule to meet the requirements of the new best interest standard, and a course focused on the responsibilities of broker-dealer and insurer home office personnel under the rule.

For more information on the DOL fiduciary rule training initiative, contact sales@reged.com.

About RegEd

RegEd, Inc. is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd Reaches 15 Million Alerts Processed on Credentialing Data Management Solution

RegEd Reaches 1.5 Million Alerts Processed on Credentialing Data Management Solution

RegEd, the leading provider of Licensing and Registration technology solutions to the financial services industry, today announced that Alerts 2.0, a module of its Xchange Enterprise Licensing and Registration solution, has processed more than 1.5 million alerts since its launch earlier this year. Alerts 2.0, through integration with the NIPR Producer Database (“PDB”), significantly expands the range of data for which firms can receive automated change notifications and systematized, timely reconciliation with the firm’s back-end database.

“Monitoring, updating and maintaining accurate credentialing data continues to be a challenge for insurers and distributors, and is especially burdensome for firms with a large number of producers” said Kristy Locklear, Senior Vice President, Product Management at RegEd. “Processing 1.5 million alerts to date demonstrates the solution’s ability to drive efficiency at an enterprise scale. This approach to managing producer data is rapidly becoming the gold standard.”

Using Alerts 2.0 insurers and distributors can automatically identify changes, and then reconcile and synchronize those changes with the firm’s back-end database.

Dani Fields-Damato, Vice President, Marsh USA Inc., an early user of the solution, commented, “Within the first three months of using Alerts 2.0, our Agency has received more than 300,000 alerts notifying us of data changes on PDB. We were able to review these changes and update our database with minimal intervention. This is a major advancement in our journey to managing by exception.”

For carriers, Alerts 2.0 automatically updates licensing data without the need to rely on individuals or distributors for updates. Distributors benefit from automatic notifications on appointments. In the event that producers are appointed by carriers that are not approved or do not have sell agreements, Xchange notifies the distributors immediately, enabling them to take corrective action.

Alerts 2.0 will be among the solutions featured by RegEd at the upcoming SILA National Education Conference in San Antonio, Texas, on September 18-21, 2016. During the conference, RegEd representatives will highlight the firm’s innovative enterprise solutions for contracting/onboarding, appointment processing and credentialing management.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd Compliance Thought Leaders to Participate in 27th Annual SILA National Education Conference

RegEd Compliance Thought Leaders to Participate in 27th Annual SILA National Education Conference

RegEd, the leading provider of compliance technology solutions to the financial services industry, including Xchange, the market-leading Enterprise Licensing and Registration solution, has announced its participation in the 2016 SILA National Education Conference in San Antonio, TX on Sept. 18-21, 2016.

The conference will provide an educational forum for attendees to address current industry challenges, discuss licensing and registration best practices, and build their overall compliance knowledge. John M. Schobel, RegEd CEO and Founder, stated, "RegEd has supported the SILA mission for over 15 years and is proud to be a SILA Platinum Sponsor. This year, we also have the distinct honor of being nominated for the SILA Organization of the Year Award. This nomination acknowledges leadership and dedication in continuous service to the licensing and securities industries. We’re thrilled to be recognized as a finalist.”

A number of RegEd compliance thought leaders and subject matter experts will participate in sessions during the conference. Margie Webber, Governance Chair on the SILA Board of Directors and a Senior Member of RegEd's Regulatory Affairs Group, will lead the Securities Open Forum discussion, and will moderate the panel, Assess, Secure & Respond: Data security and all that applies. Ann Robinson, Senior Vice President of Business Development at RegEd, will serve as a panelist for the session. Brandi Brown, Senior Vice President of RegEd’s Regulatory Affairs Group, will be a panelist for Securities: All About Annuities. Susan Boles, RegEd Senior Regulatory Compliance Analyst, will co-anchor the SILA Morning News and moderate a session focused on adjuster licensing. Boles will also be a lead panelist for Continuing Education – Bridging the Gap between Producer and Adjuster Requirements.

RegEd representatives will be onsite during the conference to highlight the firm’s innovative enterprise solutions for contracting/onboarding, appointment processing and credentialing management. Solutions for managing compliance with the DOL Fiduciary Rule will also be showcased. RegEd booths 4 and 5 will be located in the Lone Star Ballroom of the Grand Hyatt San Antonio.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd to Showcase Enterprise Compliance Solutions for Insurance Companies at ACLI Compliance and Legal Conference 2016

RegEd to Showcase Enterprise Compliance Solutions for Insurance Companies at ACLI Compliance and Legal Conference 2016

RegEd, the leading provider of compliance technology to the financial services industry, will highlight a set of enterprise compliance solutions at the upcoming ACLI Compliance & Legal Sections Annual Conference 2016, held July 11-13 in Boston, MA. The featured solutions enable insurers and other financial services firms to effectively and efficiently meet compliance obligations and proactively manage their compliance program.

“Policies and Procedures and Regulatory Change Management are the backbone of a strong compliance program,” commented Debra Freitag, Chief Strategy Officer at RegEd. “Insurers in today’s regulatory climate must manage them holistically, to ensure that the organization’s polices and code of ethics are mapped to current regulatory requirements and are demonstrably effective.”

RegEd representatives will be onsite during the conference to speak with attendees about enterprise solutions for managing regulatory change, policies and procedures, and market conduct examinations:

Regulatory Change Management

Regulatory Change Management is a fully integrated solution that streamlines the end-to-end process of managing regulatory change throughout the organization. CODE facilitates a workflow-enabled, closed loop process that provides firms with everything they need to be aware of, comply with, and demonstrate compliance with all relevant regulatory changes. 

Policies and Procedures Management

Policies and Procedures Management provides an enterprise workflow, work-process and task management solution that enables comprehensive, end-to-end administration and oversight of all elements of the firm’s policies and procedures. This includes the policy approval process, policy distribution, attestation management, testing program management and deficiency and case management. The solution establishes a central control center for all policies and enables the firm to establish discreet policies based on role, function, department and entity.

Market Conduct Exam Management

Market Conduct Exam Management provides a highly configurable solution that enables firms to effectively prepare for and efficiently manage tasks related to market conduct exams. The solution installs best practices and drives efficiency across all exam management tasks, enabling firms to significantly reduce the time and resource commitment required during a market conduct exam.

Following the conclusion of the conference, RegEd will co-host the Policy Management by Design workshop with GRC 20/20, a leading industry analyst firm. The hands-on, educational workshop will provide attendees with a blueprint for creating and managing an effective, efficient, and agile policy management program.

For more information about RegEd and its enterprise compliance solutions, please visit www.reged.com.

About RegEd
RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd Announces Regulatory Exam Management Capabilities for CODE Enterprise Platform

RegEd, a leading provider of compliance technology solutions for the financial services industry, has announced the expansion of the Comply On Demand Enterprise (CODE®) platform to address the multitude of requirements associated with undergoing regulatory exams. Regulatory Exam Management leverages CODE’s enterprise workflow, task management, document management and reporting capabilities to enable firms to drive efficiency throughout the end-to-end exam process.

 “Undergoing regulatory examinations can be costly and time-consuming for financial services firms. With the pace of regulatory change accelerating, the increasing frequency and broadening scope of exams represent significant risk and a drain on resources for firms that fail to manage the process effectively,” commented Debra Freitag, Chief Strategy Officer at RegEd. “With CODE, firms can embed a streamlined, repeatable methodology for managing exams, from pre-exam preparation to fulfillment of post-exam remediation requirements.”

Regulatory Exam Management installs best practices and drives efficiency across all exam management processes, enabling firms to significantly reduce the time and resource commitment required during a regulatory exam. The solution delivers a highly configurable, workflow-enabled framework that facilitates management of data requests, examiner communication, remediation and other key elements of the exam lifecycle. CODE enables exam managers to centrally coordinate exam activities across the organization and provides a full audit trail of the firm’s remediation actions.

CODE enterprise platform capabilities provide robust workflow and task management, while integrated regulatory intelligence delivers actionable, relevant compliance requirements. The combination enables financial services firms to efficiently identify, track and fulfill compliance obligations, dramatically reducing the risk of non-compliance and related consequences.  Other CODE modules include Market Conduct Exam Management, Regulatory Change Management, Policies and Procedures Management, Consumer Complaint Management and Incident Management. CODE is fully configurable, scalable and extendable to enable companies to cost-effectively build on the initial investment as their needs expand and evolve.

RegEd to Feature Solutions that Address Critical Compliance Challenges for the Banking Industry at ABA Regulatory Compliance Conference 2016

RegEd to Feature Solutions that Address Critical Compliance Challenges for the Banking Industry at ABA Regulatory Compliance Conference 2016

RegEd, the leading provider of compliance technology to the financial services industry, will highlight a set of enterprise compliance solutions at the upcoming ABA Regulatory Compliance Conference 2016, held June 12-15 in San Diego, CA. The featured solutions enable banks to efficiently address critical compliance challenges, including several key areas of regulator focus.

“RegEd has a long and proven track record as an enterprise technology provider to leading broker-dealers, investment advisors and insurance companies,” commented John Schobel, RegEd Chief Executive Officer. “We’re now focused on helping banks meet compliance challenges in many of the same areas that have enabled us to establish trusted partnerships with more than four hundred enterprise clients in the financial services industry.”

During the conference, RegEd representatives will highlight enterprise solutions for managing employee conflicts of interest, regulatory change, policies and procedures, and regulatory exams:

Employee Conflicts of Interest Management

RegEd’s Conflicts of Interest Management solution suite enables firms to seamlessly monitor, identify and remedy conflicts of interest and code of conduct issues among the firm’s employees and supervised individuals. The solution comprises five modules which can be implemented individually or together: Gifts and Gratuities, Outside Business Activities, Political Contributions, Personal Securities Account Management, and Conflicts of Interest Questionnaires.

Regulatory Change Management

Regulatory Change Management is a fully integrated solution that streamlines the end-to-end process of managing regulatory change throughout the organization. CODE facilitates a workflow-enabled, closed loop process that provides firms with everything they need to be aware of, comply with and demonstrate compliance with all relevant regulatory changes. 

Policies and Procedures Management

Policies and Procedures Management provides an enterprise workflow, work-process and task management solution that enables comprehensive, end-to-end administration and oversight of all elements of the firm’s policies and procedures. This includes the policy approval process, policy distribution, attestation management, testing program management and deficiency and case management. The solution installs a central control center for all policies and enables the firm to establish discreet policies based on role, function, department and entity.

Regulatory Exam Management

Regulatory Exam Management enables financial services firms to effectively prepare for and efficiently manage the myriad of tasks undertaken during the course of a regulatory examination. The solution embeds a streamlined, repeatable methodology for managing exams, from pre-exam preparation to fulfillment of post-exam remediation requirements, enabling firms to significantly reduce the time and resource commitment required during a regulatory exam.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. 

RegEd Revolutionizes Producer and Adjuster Licensing Maintenance with Fully Automated Credentialing Data Management Solution

RegEd Revolutionizes Producer and Adjuster Licensing Maintenance with Fully Automated Credentialing Data Management Solution

RegEd, the leading provider of Licensing and Registration technology solutions to the financial services industry, today announced that it has launched Alerts 2.0, a module of its Xchange Enterprise Licensing and Registration solution. Alerts 2.0, through integration with the NIPR Producer Database (“PDB”), will significantly expand the range of data for which firms can receive automated change notifications and systematized, timely reconciliation of changes with the firm’s back-end database.

“Maintaining accurate, up-to-date individual and agency information can quickly become overwhelming for insurers and distributors. With the sheer volume of daily updates, it’s impossible to maintain current records across the firm’s population using a manual process. At the same time, as regulator focus on this process intensifies, inaccurate information can lead to significant consequences,” commented Jacob Spitzley, Senior Product Manager at RegEd. He continued, “Automated monitoring and data reconciliation offer firms a significant reduction in the time and resources required to manually check the PDB for relevant changes, and instill confidence that the firm’s records are consistently synchronized with the official filing office record.”

Using Alerts 2.0 insurers and distributors can automatically identify changes, and then reconcile and synchronize those changes with the firm’s back-end database.

Dani Fields-Damato, Vice President, Marsh USA Inc., which beta tested the solution, commented, “RegEd Alerts 2.0 will increase efficiency and reduce our spending on PDB reports. The service notifies us of data changes as they occur on the PDB, and allows our licensing team to review and sync the data with the touch of a button. The saved PDB reports, audit history, and data comparison features make this functionality a must-have.”

For carriers, Alerts 2.0 will automatically update licensing data without the need to rely on individuals or distributors for updates. Distributors will benefit from automatic notifications on appointments. In the event that producers are appointed by carriers that are not approved or do not have sell agreements, Xchange will notify the distributors immediately, enabling them to take corrective action.

RegEd will host invitation-only webinars in June to demonstrate the unique, innovative capabilities of Alerts 2.0. For webinar information please contact sales@reged.com.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. 

RegEd to Showcase Innovations in Insurance Licensing Appointment and Onboarding Technology at NIPR Insurance Summit 2016

RegEd to Showcase Innovations in Insurance Licensing, Appointment and Onboarding Technology at NIPR Insurance Summit 2016

RegEd, the leading provider of compliance and credentialing solutions to the financial services industry, will highlight recent additions to its licensing, appointment and registration solutions portfolio at the upcoming Insurance Summit 2016. The event, to be held May 16-20 in Kansas City, is presented jointly by the NAIC and NIPR.

“Events like the Insurance Summit give us the opportunity to engage with our customers and the industry, to understand and anticipate changes to their business needs,” commented Stephanie Buchanan, Chief Client Officer, RegEd. “That interaction is invaluable to the ongoing innovation that’s required to ensure that our solutions continue to meet the demands of our customers.”

The Insurance Summit combines NAIC and NIPR resources in a premier conference for insurance professionals, merging the E-Reg Conference, TechEx, Financial Summit, Market Regulation Summit, PIO Forum, CIPR Symposium and Continuing Legal Education Seminar into a single weeklong event. During the conference, RegEd representatives will highlight the firm’s innovative enterprise solutions for contracting/onboarding, appointment processing and credentialing management, including:

Contracting/Onboarding

RegEd Contracting/Onboarding automates the contracting/onboarding process for producers and reps.  The solution automatically triggers the background investigation and configurable workflows automate FINRA submissions and fulfillment of licensing, registration and compliance requirements.  RegEd Contracting/Onboarding enables firms to free internal resources from the burden of manual oversight of the contracting/onboarding process, reduce time-to-market for new producers and reps, and improve the accuracy of data entry.

Xchange Smart Appointments

Smart Appointments enables straight-through appointment processing based on the firm’s unique business rules. End-to-end automation of the appointment lifecycle supports high acceptance rates, reduces time-to-market and enables valuable licensing operations to focus on exception transactions and spend less time overseeing and managing the process.

Xchange Alerts 2.0

Alerts 2.0 enables insurers and distributors to automatically identify changes to individual and agency information, and then reconcile and synchronize changes with the firm’s individual / agency database. Firms benefit from a significant reduction in time and resources required to manually check the PDB for relevant changes, while instilling confidence that the firm’s producer records match the official filing office record.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

Regulators and Industry Experts Address Key Trends and Challenges at Fifth Annual RegEd Compliance Alliance Conference

Regulators and Industry Experts Address Key Trends and Challenges at Fifth Annual RegEd Compliance Alliance Conference

Financial services compliance, licensing and registration, and operations professionals assembled at the fifth annual RegEd Compliance Alliance (RCA) conference to share best practices, build critical knowledge across a range of topics, and engage with regulators and industry experts. The event was held April 18-20 in Charleston, SC and was attended by more than 150 representatives from financial services firms, regulatory agencies, consultancies, and law firms. The conference focused on issues and topics of critical concern for the attendees, including:

  • The DOL Fiduciary Rule and its potential impact on the industry: The recently issued rulemaking expands the definition of “fiduciary” to include individuals who provide retirement investment advice to investors in Individual Retirement Accounts (IRAs) and other investment accounts not covered by the Employee Retirement Income Security Act (“ERISA”), requiring that investment advice be offered solely based on the best interest of the client. The rule will impact the retirement advice industry and change the manner in which advisors provide retirement recommendations to their clients and get paid for such advice. Significant compliance implications are expected in, among other areas, conflicts of interest disclosures, fee- vs. commission-based models, variable annuities and IRA sales, as well as potential customer account repapering requirements based on business decisions made by the firm.
  • Managing Conflicts of Interest: FINRA’s 2016 Regulatory and Examination Priorities Letter cited firm culture and effective conflicts of interest management as key areas of focus for 2016, and was followed by a February targeted exam letter that confirmed the attention of the regulator on the issue of “cultural values” and conflicts management. Efficiently managing conflicts of interest requires compliance professionals to understand and implement best practices for tracking, monitoring, and disclosing conflicts of interest, including outside business activities, gifts and entertainment, and political contributions. Firms must also establish rigorous internal controls for effective resolution of conflicts and risk mitigation.
  • Cybersecurity: Identified as a top criminal priority by the FBI, preventing cyber intrusions is at the forefront of consumer protection and security concerns in the financial services industry. Compliance and IT professionals must have the latest information related to issues of cybersecurity resources, compliance, risk analysis, policies and procedures, pitfalls, response plans, and best practices to help protect the organization and consumers from cyber threats.

Commenting on RCA 2016, John Schobel, RegEd Chief Executive Officer said, “It was wonderful to have our clients gather in beautiful historic Charleston to spend time with the RegEd team and hear from industry experts and regulators, who shared their insights and practical guidance.”  Schobel continued, “Equipped with new knowledge and best practices, conference participants are better prepared to tackle their most pressing challenges in today’s demanding business and regulatory environment.”

During the conference RegEd announced the expansion of RegEd SCORE® to include SCORE Rep Dashboard, which enables firms to provide registered representatives with a clear, consolidated view of individual compliance requirements. With SCORE Rep Dashboard firms can streamline compliance for the firm’s registered population, improve frontline defense against non-compliance exposure, and demonstrate a culture of compliance and commitment to consumer protection.

About RegEd

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

RegEd Completes 3 Million Submissions on Compliance Questionnaires Solution

RegEd Completes 3 Million Submissions on Compliance Questionnaires Solution

RegEd, the leading provider of compliance and risk management technology to broker-dealers and other financial services firms, today announced that its Compliance Questionnaires solution has achieved the milestone of processing 3 million submissions, enabling its broker-dealer clients to efficiently manage their compliance programs.  Today, Compliance Questionnaires is used by more than 400 enterprise clients, including 80% of the top 25 broker-dealers.

RegEd’s Compliance Questionnaires is an enterprise application and part of RegEd’s Compliance and Audit Management platform.  As a core module addressing FINRA compliance regulation, Compliance Questionnaires leverages the platform’s robust workflow engine, enabling firms to design complex workflows that mirror their best practices, and includes multiple reviewer, approval and sign-off stages. In addition, the solution seamlessly integrates with FINRA WebEFT, enabling registered representatives to affirmatively attest to the accuracy of their U4 data on file.

“Integral to maintaining a strong compliance program is the ability to identify and analyze deficiencies and outliers across the representative population and report on the results,” stated Ann Robinson, Senior Vice President, RegEd, and a former senior compliance officer at a large broker-dealer. “For firms with hundreds or thousands of registered representatives, readily identifying and addressing deficiencies before they cause the firm harm is akin to looking for the proverbial needle in the haystack.”

RegEd’s Compliance Questionnaires provides a robust set of integrated, workflow-driven enterprise tools that enable firms to initiate, distribute and track annual compliance questionnaires required by FINRA and address and report on critical compliance deficiencies before risk materializes. A fully configurable solution, Compliance Questionnaires can be specifically tailored to meet firm requirements and enables firms to be fully responsive to document requests from internal stakeholders and regulators, demonstrating a culture of compliance.

"RegEd solutions are implemented in hundreds of broker-dealers, serving hundreds of thousands of advisors, providing us unique insight into the specific challenges the industry faces on a daily basis,” stated John M. Schobel, CEO and Founder, RegEd. “Our clients depend on RegEd’s Compliance Questionnaires solution to reduce non-compliance gaps, eliminate time-consuming and suboptimal processes, and maintain good standing with FINRA regulations.”

Schobel continued, “Achieving the milestone of 3 million compliance questionnaire submissions illustrates the dependability and effectiveness of RegEd solutions. Implementing innovative technology that keeps our clients out in front of increasing compliance demands is a key driver at RegEd. We continue to look for ways to leverage technology to pinpoint potential risk and enable more efficient operations.”

About RegEd 

RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk.

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