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StarCompliance Launches New Website With Industry Leading Knowledge Base

In News Stories, Press Release by StarCompliance

ROCKVILLE, MD February 8, 2018 – Today, StarCompliance announced the relaunch of its website: www.starcompliance.com. The new site offers the financial services industry unique resources, which will save clients time, money, and improve the compliance process. Content will include weekly blog posts filled with practical advice on how to optimize conflict of interest programs, as well as in-depth articles filled with insightful analysis on the important regulatory and compliance issues facing today’s globally engaged financial …

StarCompliance and Luminate Capital Announce Strategic Investment (PRESS RELEASE)

In News Stories, Press Release by StarCompliance

ROCKVILLE, MD, YORK, U.K., and SAN FRANCISCO, CA, July 27, 2017 – StarCompliance, LLC, the leading provider of enterprise compliance and regulatory software solutions for the financial services industry, announced today that it received an investment from Luminate Capital Partners, a San Francisco-based private equity firm, to support its global growth strategy. StarCompliance’s software platform helps financial services institutions manage, prevent, detect, report and resolve employee conflicts of interest by providing an unmatched 360-degree view …

How does your firm handle Conflict of Interest issues?

In All, News Stories by StarCompliance

When a problem in the compliance department arises, people often question the policies. However, it is what you do in the wake of potential violations that shows how seriously your firm takes and handles conflict of interest issues. We recommend that you review your conflict of interest policies regularly and then look at the systems you have in place to monitor, detect and prevent violations of your policies. Are all of your internal systems working …

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Should software companies offer prospective clients a Proof of Concept (POC) engagement?

In News Stories by StarCompliance

A few years ago, our company invested in some training for our sales team. Core to the methodology of this particular system was that product demonstrations should never be given – or, at the very least, avoided if at all possible. This runs counter to what we find our prospective clients expect, so this was a very difficult concept for us to accept. Our company, StarCompliance, provides software that detects and mitigates employee conflicts of …

The SEC bringing new civil charges case for Insider Trading

In All, News Stories by StarCompliance

The SEC announced today that they are bringing civil charges against Leon Cooperman and Omega Advisors for insider trading. The SEC alleges that Cooperman, who was a large shareholder in APL received confidential information and ultimately traded on that information. Ultimately the position in APL resulted in an increase of more than 30%. Whether it is proven or not that Cooperman and Omega Advisors actually committed violations of securities laws, compliance professionals are required by …

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Preventing Conflict of Interest Violations. Are you covered?

In All, News Stories by StarCompliance

Recently, the SEC found a large fund complex in violation of sections 203(e) and 203(k) of the Investment Advisers Act of 1940 “…the company’s failure to establish, maintain, and enforce written policies and procedures reasonably designed, taking into consideration the nature of its business, to prevent the misuse of material, nonpublic information in connection with the company’s use of outside consultants as part of its securities research and analysis activities.” While the company had appropriate …