RegEd Expands its Xchange Solution to Support Canadian Insurance Licensing and Securities Registration Requirements

Partnership with a Fortune 500 Wealth Management Firm Drives the Advancement of the Industry-Leading Licensing & Registration Solution to Support Firms Operating in Both the US and Canada  RegEd, the leading provider of regulatory compliance and credentialing solutions for the financial services industry, today announced the expansion of its Xchange Producer Management platform to support insurance licensing and securities registration in Canada. This expansion enables financial services firms to harmonize their US and Canadian licensing and registration processes, leveraging Xchange’s advanced automation to improve efficiency, enhance compliance, and accelerate time-to-market for financial professionals operating across both regions. The move comes […]

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OBA and PST Rules Could Be Consolidated: What Does It Mean for the Industry?

The Financial Industry Regulatory Authority (FINRA) is considering a significant potential change in how it governs certain areas of conflicts of interest by consolidating its rules on Outside Business Activities (OBA) and Private Securities Transactions (PST). This proposal could bring much-needed clarity and efficiency to compliance processes for member firms. Current Landscape: OBA and PST Rules At present, OBAs and PSTs are governed separately under FINRA Rules 3270 and 3280. These rules outline how registered representatives must disclose and seek approval for activities and private securities transactions outside their primary roles with their member firms. While these rules aim to […]

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RegEd Continues Expansion of Audit Management Capabilities in Support of FINRA’s Remote Inspections Pilot Program 

New enhancements empower firms to streamline branch inspections, improve oversight, and ensure compliance—whether they participate in the pilot program or not.  RegEd, the leading provider of RegTech enterprise solutions, has announced significant enhancements to its Audit Management solution to support the requirements of FINRA’s Remote Inspections Pilot Program, which began July 1, 2024. These enhancements enable firms to efficiently plan, track, and manage inspections—whether they opt into the pilot program or continue with traditional onsite inspections—while ensuring compliance with FINRA Rule 3110.18.  FINRA’s three-year Remote Inspections Pilot Program allows eligible firms to conduct branch office inspections remotely instead of through […]

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RegEd’s Advertising Compliance Solution Surpasses 7 Million Submissions, Marking Another Industry Milestone

RegEd’s AI-Powered Enterprise Advertising Review continues to set the standard for marketing and advertising compliance in financial services through market-leading innovation and widespread industry adoption.  RegEd, the leading provider of compliance solutions for financial services firms, has reached a new milestone as its Enterprise Advertising Review Solution surpasses 7 million submissions, representing more than 13.1 million review decisions and more than 16 million submitted review items. This achievement reinforces RegEd’s unmatched capability to streamline advertising compliance processes at scale, driven by advanced technology including artificial intelligence (AI).  RegEd’s innovation and continuous investment in Advertising Review, including the successful launch of […]

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Address the Branch Audit Scheduling Challenge Head-On with RegEd’s Branch Audit Cycle Management

The scheduling of OSJ, branch, and non-branch audits has become more complex over the past year. With the introduction of FINRA’s Remote Inspection Pilot Program and Residential Supervisory Locations, along with state-specific branch and non-branch registration and audit requirements, the complexity in tracking firms’ audit cycles is at an all-time high.  For example, OSJ’s must be audited annually (along with branches that supervise non-branch locations), and other branches must be audited every three years.  Supervisory offices from a person’s private residence are considered non-branch locations and can be subject to a different cycle, but certain states’ rules override these rules […]

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FINRA Modifies Form U4 Adding New Residential Supervisory Location (RSL) Question and Eliminates Quarterly RSL List Reporting Requirement

FINRA recently released a modified version of Form U4, which now includes a method for broker-dealers (BDs) to indicate if their associates’ Offices of Employment that are located in private residences are designated as Residential Supervisory Locations (RSL). (Please note that the Revision Date of Form U4 still reflects May 2009.)   RSLs are private residences from which an associated person engages in supervisory activities.  FINRA considers RSLs non-branch locations.  As such, they do not need to be inspected annually.  Instead, they must be inspected on a regular periodic schedule presumed to be at least every three (3) years. In […]

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Key Takeaways from the NSCP National Conference: Cybersecurity and AI at the Forefront

RegEd recently attended the NSCP National Conference, where industry leaders gathered to discuss pressing issues and trends impacting the financial services landscape. The NSCP National Conference once again highlighted the pressing topics of cybersecurity and artificial intelligence in the financial services industry. As organizations navigate the complexities of these evolving technologies, key insights emerged from the sessions that warrant attention.  Dominance of Cybersecurity and AI  Cybersecurity and AI dominated discussions throughout the conference, highlighting their growing importance in today’s financial services landscape. Many firms are in various stages of adopting AI technology, but panelists noted that concrete examples of efficiencies […]

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SEC Approves FINRA Proposed Rule 3240 Change (Borrowing From or Lending to Customers)

On September 17, 2024, the SEC approved a FINRA proposed rule change to amend FINRA Rule 3240 (Borrowing From or Lending to Customers).  The title for FINRA Rule 3240 will be modified to (Prohibition on Borrowing From or Lending to Customers) in an effort to emphasize the rule is first and foremost a general prohibition against such arrangements. The rule amendments are intended to strengthen the general prohibition against borrowing and lending arrangements between registered persons and customers of the broker-dealer.   Among other changes, the amendment narrows some of the existing exceptions to that general prohibition, enhances the requirements […]

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RegEd Advances its Market-Leading Compliance and Registration Management Solutions to Ensure the Industry’s Seamless Transition to FINRA’s New API Platform

The enhancements come as the result of more than a year of direct collaboration with FINRA to secure readiness for the change while delivering additional efficiencies across the rep compliance lifecycleRegEd, the leading provider of compliance and RegTech solutions for the financial services industry, today announced significant enhancements to its industry-leading suite of compliance and registration management solutions. These advancements will enable firms to transition without disruption to FINRA’s new API platform ahead of the sunset of its Web EFT application on April 30, 2025, while realizing additional efficiency and effectiveness across a range of critical rep compliance processes. As […]

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RegEd to Exhibit Enterprise Compliance Solutions at 2024 NSCP National Conference

Attendees will have the opportunity to learn about the industry’s leading enterprise advertising compliance review solution, powered by advanced capabilities that integrate AI technology to drive speed to market and reduce risk. As the leading provider of regulatory technology solutions to the financial services industry, RegEd is a Platinum Member Sponsor and will exhibit its enterprise compliance platform at the 2024 National Society of Compliance Professionals (NSCP) National Conference in Dallas, TX, on Oct. 27-30. The annual NSCP National Conference offers dozens of sessions covering topics that are relevant to broker-dealers, investment advisers, private funds, and investment companies, and has […]

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