RegEd Launches Enterprise Risk Control Center

Enables Brokers-Dealers to Identify, Manage Rep-Centric Risk by Exception

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| Source: RegEd

Raleigh, NC, June 18, 2014 (GLOBE NEWSWIRE) -- RegEd, a leading provider of technology solutions for compliance and risk management for the financial services industry, announced today the launch of RegEd SCORE™ Risk Control Center, the industry's first analytics-driven solution that brings together critical compliance and business data to enable Broker-Dealers to identify and manage behavioral and sales practice risk among their registered population.

A 2013 Wall Street Journal analysis[1] showed that about one out of every eight brokers has one to four disclosures, which may include customer complaints, bankruptcy, criminal charges, regulatory actions and termination, which can be leading indicators of potential risk.  "To protect investors, FINRA continues to place significant focus on risky sales practices, as do our clients," stated Thomas Burke, CEO, StoneRiver RegEd. "Among the greatest challenges they face is the ability to readily identify potential risk across their registered representative population before it causes reputational harm."  Burke continued, "In mid-sized and large firms, rep populations can number in the hundreds to thousands, exacerbating the oversight task."

RegEd SCORE™ installs a powerful compliance control center that aggregates critical data into meaningful views to enable firms to proactively identify and calculate rep-centric non-compliance and sales practice risk.  The solution generates a risk profile at any level of the firm's hierarchy including at the individual, branch and regional level.  And, automatic notifications provide the ability to manage by exception, enabling firms to undertake timely and targeted remediation.

According to Ann Robinson, RegEd Senior Vice President of Product Management, "Using RegEd SCORE™, firms can establish risk thresholds to pinpoint compliance deficiencies, identify exceptions and spot negative trends."  She continued, "This ability to identify potential risk before it materializes is invaluable to our clients.  RegEd SCORE™ enables compliance and audit professionals to make timely and sound decisions related to rep activities and supervision."

Powered by RegEd's Compliance Data Warehouse, RegEd SCORE™ aggregates compliance and business data from RegEd compliance solutions and firm and regulatory databases.  The RegEd SCORE™ Risk Control Center enables firms to establish a best practice bar for rep behavior. It also drives efficiency and consistency in supervision oversight and demonstrates the risk-centric approach to compliance that regulators have mandated.

Burke concluded, "RegEd is the market leader in broker-dealer compliance technology. More than 80% of mid-sized and large firms have implemented our Compliance Management solutions, which placed RegEd in the ideal position to address this challenge and bring SCORE to market. We are excited about the value that RegEd SCORE™ will deliver to our clients."

About RegEd

StoneRiver RegEd, Inc. is a leading provider of compliance technology solutions serving over 800 enterprise customers including the nation's largest financial services firms.  Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based compliance automation for broker-dealers, investment advisors, insurance companies and their distributors.  RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with state and FINRA regulations while mitigating risk.  For more information, please visit www.reged.com.

[1] FINRA is Cracking Down on 'High Risk Brokers', Wall Street Journal, November 21, 2013

Caitlin Zucal, RegEd, 919.653.5202