National Regulatory Services (NRS) has released an update to the Advertising and Public Communication Review module on its ComplianceMax™ (cMAX) platform that adds new functionality to further increase the efficiency of managing advertising by automatically retrieving FINRA’s Comment Letters.
“Our updated system allows the complete advertising review workflow to be managed and documented easily and efficiently within a single system.” John Gebauer, President, NRS.
Processing the required filings to FINRA’s AREF system and retrieving the comment letters for advertising material are administrative tasks that can consume a great deal of your compliance department’s capacity. cMAX can reduce the administrative burden with technology that automates the filing of advertising material to FINRA (with Principal approval), and now the retrieval of the comment letter once it becomes available. Once the approved filing has been made, your compliance professionals can focus on other activities with the peace of mind that they will be alerted once the comment letter has been made available by FINRA and automatically linked to the original filing in cMAX.
Additionally, the cMAX Ad Review Module provides:
• SEC 17a-4(f) compliant storage to maintain records
• A central data repository backed by a secure business continuity plan (BCP)
• NRS regulatory expertise combined with state-of-the-art technology to deliver a solution consistent with industry best practices
• A flexible workflow that can be tailored to your firm’s procedures
• Submission Form Content tailored to your business which informs reporting
• Optional Single-Sign-On (SSO) to simplify access and ease-of-use
The ComplianceMAX™ compliance technology platform includes modules that support multiple business processes including branch audits, annual disclosures, Form ADV Part 2B supplements, customer complaints, firm element training and rep registration management.
Owned by the Reed Business Information, National Regulatory Service (NRS) is part of Accuity, the global standard for payment efficiency and compliance solutions. NRS is a leading provider of compliance consulting, education, technology and outsourced services for investment advisers, broker-dealers, hedge funds, investment companies and insurance companies. NRS has the practical expertise, proven capability and unparalleled reach to deliver integrated and effective compliance solutions to a wide range of users within the financial services industry. NRS delivers these solutions through three interrelated offerings – comprehensive education, best-in-class technology and expert consulting services – enabling our clients to meet their regulatory requirement and minimize risk.
About Reed Business Information
Reed Business Information provides information and online data services to business professionals worldwide. Customers have access to our high-value industry data, analytics, information and tools. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries.