FINRA Priorities Letter Highlights Customer Communications as the Subject of Heightened Focus for 2020

FINRA’s 2020 Risk Monitoring and Examination Priorities Letter serves to document areas of emphasis for the coming year, which firms may consider for opportunities to improve their compliance and supervisory programs. Among the highlights in the 2020 letter is an emphasis on firms’ compliance with obligations relating to FINRA Rule 2210 (Communications with the Public), including their marketing, advertising and sales materials.

FINRA will review how firms review, approve, supervise and distribute retail communications regarding private placement securities via online distribution platforms, as well as traditional channels.
– FINRA 2020 Risk Monitoring and Examination Priorities Letter

Learn how leading firms partner with RegEd to streamline advertising compliance review and drive faster time to market.

Leading firms that together employ hundreds of thousands of registered representatives have selected RegEd’s Advertising Review, which delivers a single, integrated solution that streamlines the end-to-end processes for advertising and customer communication submission, review, collaboration and approval, speeding time to market for review items.

Read more about RegEd’s Advertising Review solution.

Case Study: Learn how CUNA Mutual increased efficiency in their advertising review process

SEC’s 2020 Examination Priorities Demonstrate a Continued Focus on Conflicts of Interest, Including Outside Business Activities

SEC’s Office of Compliance Inspections and Examinations (OCIE) has issued its examination priorities for 2020. According to the report, OCIE will continue its focus on the protection of retail investors, including seniors and those saving for retirement. Examinations in these areas will include reviews of disclosures relating to fees, expenses, and conflicts of interest.

“Registered firms must effectively implement controls and systems to ensure disclosures are made as required and that a firm’s actions match those disclosures… Examinations will relatedly focus on registered firms’ disclosures and supervision of outside business activities of its employees and associated persons, and any conflicts that may arise from those activities.
– 2020 Examination Priorities, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission

Do you have the right tools in place to manage conflicts of interest?

RegEd’s fully integrated Conflicts of Interest Management solution suite enables firms to seamlessly monitor, identify and remediate conflicts of interest and code of conduct issues. The solution captures a full audit trail of requests, approvals, exceptions and remediation, and provides ready documentation for internal and external regulatory reporting.

The solution suite, including Outside Business Activities, leverages RegEd’s powerful platform capabilities to enable comprehensive monitoring, task management, alerts and sophisticated hierarchy management.

Read more about RegEd’s Conflicts of Interest solution suite.

Read more about RegEd’s Outside Business Activities solution.

RegEd Appoints Derrick D. Cobey as Chief Technology Officer

Technology strategist and product development veteran to drive the continued advancement of RegEd’s enterprise compliance and credentialing solutions.

RegEd, the market-leading provider of enterprise regulatory compliance solutions to banks, broker-dealers, insurance companies and brokers, is pleased to announce its appointment of Derrick D. Cobey to the role of Chief Technology Officer (CTO). In this role, Cobey will direct RegEd’s technology strategy and drive continuous innovation across RegEd’s broad compliance and credentialing solutions portfolio.

“As client expectations for technology-enabled efficiency continue to evolve, a chief technology officer that is an innovation agent with highly disciplined execution is critical to our continued success” said John M. Schobel, RegEd CEO and Founder. “Derrick brings extensive knowledge of product engineering, technology strategy, SaaS solutions development and systems architecture and design, in combination with a successful track record of delivering enterprise software solutions that are competitively distinguished, to RegEd. His proven ability to execute technology and product transformation strategies and drive highly disciplined SLDC practices will help ensure RegEd’s continued success.”

Cobey is a highly accomplished technology and business leader with more than 20 years of software development and SaaS solution experience.  He joins RegEd from hCentive, where he was Chief Product Officer and General Manager, Government Solutions. At hCentive Derrick was responsible for the company’s overall strategic direction and day-to-day operations on a global level.  In his prior career, Derrick was the Chief Technology Officer for Mediware Human Services (now WellSky), Senior Vice President of Product and Solutions Engineering at PeopleClick (now PeopleFluent) and the Vice President of Product Engineering at JPMorgan Chase.  During his time at these companies, he led globally distributed teams in engineering SaaS solutions and fast-growth enterprise software.

“I’m thrilled that Derrick has joined RegEd at this exciting point in our growth,” continued Schobel. “Derrick’s technology expertise and proven track record in roles at high-growth companies make him an excellent fit to continue to drive RegEd’s culture of innovation, and I’m confident that he’ll make material contributions to RegEd’s future.”

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

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FSI OneVoice 2020

RegEd CEO and Founder to be a Featured Presenter at FSI OneVoice 2020

John M. Schobel will present on the topic of driving efficiency and effectiveness in branch exams and field audits.

RegEd, the leading provider of compliance technology solutions to broker-dealers and other financial services firms, is pleased to announce its participation in the Financial Services Institute (FSI) OneVoice conference in San Diego, CA, January 27-29, 2020.

RegEd Founder and CEO, John M. Schobel, will present on Improving Branch Exams on Tuesday, January 28th at 1:30 PM. The session will cover how branch exams and field audits can be made more beneficial and impactful for both the firm and the registered representative. The session will review the topics to cover in the exam as well as evaluate how to best approach compliance issues and create an open dialogue.

John M. Schobel, Chief Executive Officer at RegEd, commented, “The need for a holistic view of compliance and risk is the key driver causing industry firms to consolidate compliance technology in favor of an enterprise approach. RegEd’s enterprise compliance platform and wide breath of compliance solutions, including Branch Audit Management, enable our clients to establish a central compliance portal that provides their advisor and employee population with a full view of compliance requirements and status while providing the firm with the critical views needed to reduce overall risk for the firm.”

The FSI OneVoice conference is an educational forum for broker-dealer home office executives. This year’s event will offer more than 30 sessions on topics surrounding compliance, supervision, operations and technology. Presenters and panelists include regulators, senior executives from leading financial services firms and industry subject matter experts.

RegEd will be an exhibitor and sponsor at the conference, and will showcase enterprise solutions that enable firms to ensure a culture of compliance in today’s rapidly evolving regulatory environment:

Branch Audit Management: Enables firms to fully plan, schedule, conduct, resolve and report on branch audits. Streamlines the audit process and improves efficiency of the firm’s audit program.

Gifts, Gratuities and Contributions Management: Expanded capabilities enable global enterprise gifts and entertainment tracking and management, including: automated contact management, threshold tracking, automated alerts, and more.

Enterprise Advertising Review: Enable a workflow-driven process to streamline advertising and customer communication submission, review, collaboration and approval, speeding time to market for review items.

Registration and OBA: Streamline registration compliance across the enterprise, including end-to-end OBA tracking and reporting. Integrations automate filing and reconciliation of amendments and background investigations.

RegEd representatives will be on-site to meet with conference attendees to understand their compliance challenges and discuss solutions that enable broker-dealers and other financial services firms to meet compliance requirements and proactively manage their compliance program.

The RegEd conference exhibit will be located at booth #509 in the conference’s main exhibitor hall at the Sheraton San Diego Hotel & Marina. For more information on RegEd or its attendance at the FSI OneVoice conference, please call 800-334-8322 or email sales@reged.com.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

RegEd Recognized as a Leading Compliance Technology Provider by CIO Review and Banking CIO Outlook

The annual awards acknowledge companies that are at the forefront of providing compliance and risk solutions while significantly impacting their industries.

RegEd, the leading provider of compliance technology to insurance companies, broker-dealers and banks, today announced that CIO Review and Banking CIO Outlook, prominent publications for information technology executives, have selected RegEd as one of the 20 Most Promising Compliance Technology Providers and one of the Top 10 Risk and Compliance Solution Providers for 2019.

CIO Review and Banking CIO Outlook produce an annual list of providers that are at the forefront of providing compliance and risk solutions to the financial services industry. The goal of the awards is to spotlight companies with a proven track record in effectively delivering compliance solutions, while enabling decision makers in financial institutions to stay well-informed on industry trends through research and evaluation of the vendor marketplace.

RegEd CEO & Founder John M. Schobel said, “RegEd provides solutions that propel operational efficiency, enabling firms to cost-effectively comply across core compliance functions.” He continued, “RegEd is honored to receive these awards and to be recognized as a leader in our market. And we’re grateful to CIO Review and Banking CIO Outlook for enabling industry participants to make informed, evidence-based decisions when choosing the technology that is so integral to their business.”

To learn more about RegEd and its industry-leading compliance platform, visit RegEd.com.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit www.reged.com.

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