SELL-SIDE SOLUTIONS
In the last few years, several high-profile cases of insider trading, gifts and entertainment, and other ethical violations have cost sell-side firms millions of dollars in fines and damaged reputations. A few high-profile cases have led to greater scrutiny from regulatory agencies, leading company Boards, senior executives and others to demand solutions.
The result? Compliance professionals at sell-side firms are under increasing internal and external pressure to deploy Best Practices solutions to prevent personal trading, gifts and entertainment and outside business activities abuses. Their workloads have grown as they have had to handle an increased information flow. Those with manual processes are seeking automation, while many of those with older or proprietary software solutions want more robust and scalable alternatives to meet current and future needs. They want a trusted alternative that will help them effectively deal with changing regulatory rules.
StarCompliance has the solution. Our Star BD software provides full surveillance capabilities, meeting the specific needs of sell-side firms such as broker/dealers and other companies regulated by the FINRA. Star BD increases client productivity, significantly lowers regulatory and reputation risk, and offers a long-term, sustainable solution, that can grow with their firm. Star BD offers peace of mind, while allowing compliance professionals to focus on the larger strategic issues of their enterprise.
Built with the user experience in mind, Star BD includes the following features:
- Surveillance Tools, Forensic Testing and Reporting. Library of pre-defined and configurable conditions and rules to find, detect and report activities. Additional back testing and ad hoc analysis and report building.
- Rules Engine. Library of pre-defined rules that are configurable, as well as ad hoc rule creation, with preventive and detective controls.
- Forms and Certifications. Library of pre-defined electronic forms and work flows designed to meet regulatory requirements. Professional and Enterprise versions can create custom certifications and work flows.
- Broker/Dealer Feeds. Activity,account and position feeds from broker/dealers.
- Firm Data Feeds. Integrate research analyst recommendations, restricted lists, order management, trade execution, HR, T&E and other feeds with the rules engine to automate controls.
- Case Management and Workflow Processing. Configurable case manager, enabling easy and effective tracking of cases and discrete events.
- Pre-Clearance. Pre-clearance of trades, brokerage accounts, gifts, entertainment, outside business activity or any other requests are available and can be configured with the rules engine and workflow processing.
- Alerts and Event Notification. Be notified in real time of any event you want to track, using configurable email, SMS or pager alerts.
- Gifts & Entertainment. Report or pre-clear gifts, political donations, etc. These automatically test against the rules engine for gift value, number of gifts, gifting period, and donor/recipient. Every entry's workflow is configurable.
- User Experience. Built for convenient, easy operation, with personalized dashboards, lists and views .Designed for any user, from occasional up to highly active investors.
Editions
Each of our products is available in three editions, Express, Professional, and Enterprise built to address the requirements of firms of all sizes and geographic reach.
- Express is designed for firms with operations solely in one country and generally less than 200 employees.
- Professional is designed for firms with operations solely in one country and several hundred to tens of thousands of employees.
- Enterprise is designed for firms with a global presence and several hundred to tens of thousands of employees.