FINRA Priorities: Automated Solutions for Variable Annuity Data
Summary
How Terrapin Can Help Your Firm A key exam finding according to FINRA was “poor and insufficient data quality” on variable annuity transactions. Data quality suffers when it’s compiled from numerous disparate sources via one-off files and spreadsheets and only gets worse when transferred from one stage to the next. Our trade surveillance solution is designed to detect, document, and help mitigate potential violations of firm policy and FINRA and SEC regulations. Building upon our robust data aggregation technology, our trade surveillance tools automatically generate intelligent “risk alerts,” allowing compliance departments to monitor sales activity efficiently. Together, our data aggregation and compliance tools will help your firm stand up to the increasing regulatory scrutiny of the sales and supervision of variable annuities.
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