BD: Compliance & Supervision

Automating compliance and supervision requirements

The regulatory and compliance requirements have long been a challenge to company resources for the modern Broker-Dealer. The operational tasks often detract from time better focused on creating financial value and developing relationships with clients. The regulatory demands change quickly and mistakes could have many consequences.

In anticipation of these demands, the Nexus platform’s compliance and supervision modules are powered by a sophisticated, built-in WSP protocols that provide for an integrated and automated day-to-day compliance capability. The result is a more holistic and comprehensive compliance approach with more consistent detailed monitoring capability than can be achieved via “typical” spreadsheet monitoring often used by many financial services firms. This capability can also eliminate the need for additional staff to handle compliance issues, thus saving resources.

Accountability and transparency

The Nexus environment empowers the back office to focus on maintaining SEC, State and/or Federal compliance, to streamline tasks and responsibilities, and support the Registered Representative in maintaining their duties as required by Reg BI. The reports center contains over 150 types of reports ready to use for tasks such as day-to-day business to preparation for various audit scenarios. The user management system gives the back office unparalleled granularity in controlling the users’ experience.