Employee Trade Monitoring Software
Employee Trade Monitoring Tool
- Automatically record and monitor employee personal securities transactions
- Eliminate the need to review and archive paper brokerage statements
- Saves time, effort, and tailors trade monitoring to each individual firm
- Consolidate employees' personal securities transactions into a single compliance reporting system
Does the system create access person holdings and transactions reports?
Yes, the tool is designed to help a firm meet its Rule 204A-1 ("Code of Ethics Rule") requirements as it relates personal securities trading. The Code of Ethics rule requires all access persons of an RIA firm to submit securities holdings and transaction reports to the firm's Chief Compliance Officer ("CCO") or other designated person(s). The system automatically creates holdings and transactions reports which are then reviewed and attested to by the firm's access persons prior to submission.
Does the system allow the Chief Compliance Officer to manage a restricted securities list?
Yes, the restricted securities list is fully customizable for firms that implement a trade pre-clearance program. When implemented, each access person submits a trade request which is then automatically approved or held for approval based on the firm's settings. In addition, any security purchased or sold by an access person that is listed on the firm's restricted security list is flagged by the system for further review. All historical restricted securities are archived.