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 […]
Continue readingMore TagAuthor: Madelyn Matthews
Madelyn Matthews is the Sr. Marketing Specialist at RegEd.
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 […]
Continue readingMore TagSEC 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 […]
Continue readingMore TagCelent Names RegEd a ‘Functional Standout’ in Report on Distribution and Compensation Management Systems in Insurance
The leading advisory firm cites breadth of functionality, robust feature set and large client base as criteria for the designation Celent has named RegEd, and its Enterprise Xchange Producer Management solution, as a “Functional Standout” in the research and advisory firm’s report, Insurance Distribution Management Systems: North American Edition. Functional Standouts “excel in functionality and are likely to have a large installed base. Often more established, these solutions have built out a robust set of features over many years,” the report states. The report highlights a growing trend in the adoption of distribution management systems in response to various market […]
Continue readingMore TagRegEd 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 […]
Continue readingMore TagRegEd 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 […]
Continue readingMore TagRegEd Thought Leaders Recognized by SILA for Industry Leadership and Excellence
Two RegEd representatives have received nominations for the prestigious SILA President’s Award, while RegEd has been nominated for the SILA Organization of the Year Award RegEd, the leading provider of compliance technology solutions for the insurance and securities industries, today announced nominations for two accolades from the Securities & Insurance Licensing Association (SILA): the President’s Award and Organization of the Year Award. These nominations reflect RegEd’s unwavering dedication to the SILA cause and to advancing the role of licensing and registration in the financial services industry. The SILA Awards program celebrates exceptional contributions by individuals and organizations, based on nominations […]
Continue readingMore TagRegEd Thought Leaders to Share Insights and Expertise at 2024 SILA National Education Conference
RegEd, the leading provider of compliance technology solutions for the insurance and securities industries, is proud to announce the participation of its industry subject matter experts at the upcoming 2024 SILA National Education Conference, where it will be a proud Diamond Sponsor, held from Oct. 20-23, in San Diego, CA. RegEd team members will be actively engaged in sessions and meetings throughout the conference, sharing their knowledge and insights on critical compliance and regulatory topics. RegEd will host a featured conference session during the conference, titled “How Smart Automation Can Drive Efficiency and Reduce Costs for Licensing Operations.” This informative session […]
Continue readingMore TagRegEd to Showcase Next-Generation Producer Management Technology at the 2024 InsureTech Connect Conference
Xchange Producer Management delivers a unified solution to drive efficiency and automation across the end-to-end producer lifecycle, delivering a frictionless user experience that minimizes the compliance burden on distribution partners. RegEd, the leading provider of compliance technology solutions to the insurance and financial services industry, is proud to be a Silver Sponsor of the 2024 InsureTech Connect (ITC) Conference, held from Oct. 15-17, in Las Vegas, NV. During the conference, RegEd will showcase its Xchange Producer Management solution, which has been developed in partnership with the nation’s largest insurance companies. Jacob Spitzley, RegEd Director of Product Management, will present “Xchange iX: […]
Continue readingMore TagRegEd to Showcase AI-Powered Advertising Review Solution at 2024 FINRA Advertising Regulation 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. RegEd, the leading provider of compliance technology solutions to insurance companies, broker-dealers and other financial services firms, is pleased to announce its participation at the FINRA Advertising Regulation Conference in Washington, DC, Sept. 26-27, 2022. FINRA’s Advertising Regulation Conference presents an extensive agenda tailored for both newcomers and seasoned professionals in communications compliance and marketing. Attendees will benefit from interactive sessions led by industry and regulatory experts, focusing […]
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