In November 2016, a firm was fined $5,000 from FINRA after it was found that the firm failed to conduct a review of preexisting activities of outside business activities associated with the registered representatives. The findings also included that the firm was unable to provide a supervisory controls report for the years 2008, 2009, 2010 and 2011. Read the full report here.
A compliance professional from a broker dealer in the Midwest said that "The Eagle Eye Surveillance system has been a force multiplier in my firm’s supervisory scheme. This simple tool has transformed my internet surveillance sweep process from a time-consuming, multi-day enterprise where I view the same search results over and over to a simple process that can be completed in a couple of hours."
Additionally, our clients say that the automated reporting features that Eagle Eye provides dramatically reduces their workload as well. Our compliance designed reports have everything you need including when a result was found, who reviewed it, comments that were made and time stamps on every action taken on the account. You will have everything you need to respond to a regulator with just a click, and the ability to export it as needed.
Contact us today for a demo to see for yourself how this product can assist you.