WALTHAM, Mass. – Sept. 30, 2009 – Wolters Kluwer Financial Services announced today that E.K. Riley Investments has implemented its Policies and Procedures for Broker-Dealers platform, technology that assembles, records and updates broker-dealer written supervisory procedures manuals required by regulators.
E.K. Riley, a Seattle-based investment firm, conducted an extensive search to find technology that could help analyze vast amounts of regulatory information, while simplifying the process of compiling and maintaining its policies and procedures manual. After researching a number of compliance technology providers, E.K. Riley concluded that Wolters Kluwer Financial Services’ Policies and Procedures for Broker-Dealers provided the solution it needed.
“Policies and Procedures enables our compliance team to keep up with regulatory change, reduce risk and save valuable time,” said Alexis Vanden Bos, chief compliance officer at E.K. Riley Investments. “Using this technology, we have been able to compile our policies and procedures manual in a fraction of the time it would have taken to research and write it manually. The updating support it provides will become even more valuable as we face one of the industry’s dramatic periods of regulatory reform, consolidated oversight, and rapid changes in regulation.”
Policies and Procedures for Broker-Dealers is a complete policy management platform that helps firms comply with Financial Industry Regulatory Authority (FINRA), New York Stock Exchange (NYSE), Municipal Securities Rulemaking Board (MSRB), Securities and Exchange (SEC), and USA PATRIOT Act regulatory rules.
Policies and Procedures technology allows compliance officers to easily assemble manuals by providing the most current regulatory information and integrating it with a firm’s existing content. It guides compliance officers through the assembly process, enabling multiple editors, so manuals can also be easily updated whenever regulations, best practices or the firm’s policies dictate. Policies Procedures also allows the manual to be distributed electronically to the firm’s employees.
“In the current market climate, where there is a big focus on regulatory oversight and reform, firms must keep track of the regulatory environment and make sure they can successfully manage change,” said Anna Monteiro, director of Regulatory Solutions for Wolters Kluwer Financial Services Securities Compliance group. “We offer firms insight and technology that helps ensure their policies and procedures manuals provide the solid foundation every compliance program needs.”
Wolters Kluwer Financial Services also offers Policies and Procedures for Investment Advisors and Policies and Procedures for Hedge Funds.
About E.K. Riley Investments
E.K. Riley Investments is a full-service independent brokerage and investment advisory firm that provides service to clients across the United States. Based in Seattle, E.K. Riley is licensed for business in all 50 states, with offices across the Pacific Northwest. Underlying the formation of E.K. Riley Investments is the belief that regional investment firms are best suited to provide clients with the highest quality customer service. For more information, visit www.ekriley.com.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
