FINRA Gift Rules and Monitoring
Gift-giving and entertaining—commonly known as “wining and dining”—have long been integral to business practices, serving to build relationships and facilitate negotiations.
EMPLOYEE CONFLICTS OF INTEREST
Personal Trading Compliance Software for Multiple Asset Classes
Automate and streamline employee trade pre-clearance and related conflict detection workflows. Highly configurable and user-friendly for both monitored employees and compliance teams, the STAR Platform reduces operational friction and firm risk.
YOUR FIRM, YOUR RULES
Configurable Rules Engine
The STAR Platform is powered by a robust rules engine and configured to your organization’s unique needs and policies. This leverages vast amounts of data like employee information, user group and line of business relationships, and marketplace data, to automate employee pre-clearance, surveillance, and other conflict checking workflows to streamline processes and increase efficiency. Easily configurable, compliance teams can manage and update the rules engine directly from their admin portal.
You can also create rules with the following STAR products:
Gifts & Entertainment, Outside Activity, Political Donations, Private Investments
Employee Conflicts of Interest Solutions
Ensure employee personal trading and investments comply with all regulatory requirements and company policies.
Keep compliance teams in-the-know without compromising employees’ trading experience.
Simplify the declaration of employee private investments with outside organizations.
Automatically pre-clear client gifts or entertainment to prevent breaches of anti-bribery and corruption regulations.
Avoid regulatory compliance breaches arising from employee external business activities.
Safeguard your business from conflicts of interest arising from political alignments or associations among employees worldwide.
Actively manage employee trading in the context of current market activity and news events to protect your company’s reputation.
FAST, AUTOMATED DECISIONS
Pre-Clearance & Surveillance
- Employees complete a simple trade request form and within seconds, receive an automated approval or denial decision by the rules engine.
- Escalation channels can be defined for trades that need further analysis and review, alerting the employee’s manager and/or compliance team members in real-time.
- Trade requests can be submitted in the employee’s local currency and the entire workflow is available in multiple languages.
- The trade request form is configurable and can collect additional information over and above the standard recommended fields.
- Pricing and reference data available on 35 million+ global securities, including cryptocurrencies, mutual funds, ETFs, UITs, close-end funds and leveraged loans. Learn More
You can also pre-clear with the following STAR products:
Gifts & Entertainment, Outside Activity, Political Donations, Private Investments
FAST, AUTOMATED DECISIONS
Trade Reconciliation
- Automate transaction-matching with our community of broker relationships via electronic feeds, refreshed every twenty-four hours and monitored by a dedicated team.
- Give employees one, easy place to upload broker statements and set up automated reminders to alert employees when statements are past-due.
- Eliminate manual statement-data entry with Star’s Secure Data Entry Service.
You can also survey with the following STAR products:
EASY REVIEWS AND INVESTIGATIONS
Case Management
- View all possible conflicts of interest with private investments that may require investigation.
- Collate data and evidence, add annotations and assign cases to relevant team members for speedy case resolution.
- Record the entire case cycle for audit purposes.
This feature is available with following STAR products:
DEMONSTRATE REGULATORY RIGOR
Certifications and Attestations
- Pre-schedule certification periods across the business and set up automated reminders to support on-time completion.
- Collate employee activities and data at regular intervals into certs and attestations within STAR.
- Push information, such as the latest firm policies and regulations, so employees can certify they’ve read and understand them.
- Configure certification templates by user group, role, location, and more so employees only review and attest to what’s relevant to them.
- Give employees an easy way to flag inaccuracies or report anything that’s been missed from within STAR as part of the certification workflow.
This feature is also available with the following STAR products:
DATA-DRIVEN DECISION MAKING
Reporting & Analytics
- The Personal Trading Dashboard presents critical data through intuitive visuals for quick consumption, analysis, and action.
- Access to 100+ standard report templates with the ability to design and build custom reports to meet your needs.
- Generate and schedule reports for automatic distribution across the compliance department and greater organization.
Data Enrichment
Global Security Master & GICS
- Pricing and reference data available on more than 35 million global securities including cryptocurrencies, mutual funds, ETFs, UITs, close-end funds and leveraged loans.
- GICS, one of the most popular industry/sector coding schemes can be used to set comprehensive trade restrictions and reviews by industry.
Trusted by firms around the world
On-Demand Configurability
Extensive workflows are highly configurable, powered by conditional logic.
Multi-Jurisdictional
Tailor time zone, currency, language, and more for global employees.
Intuitive UX
Drive employee adoption with ease and simplify employee access via standard authentication and/or single sign-on.
Actionable Intelligence
Quickly and easily get real-time analytics through customizable dashboards and reports.
Multi-Layered Protection
Safeguard sensitive data with multi-layered access rights based on division, department, role, location, and more.
Future-Ready Architecture
Gain a 360-degree view of your employee compliance anywhere with scalable, cloud-ready software and integrations with Snowflake, Thoughtspot, and PowerBI.
Featured Resource
Certifications Process Checklist
Download StarCompliance’s Certification Checklist, providing 5 steps to a simpler, easier, more efficient certifications process.
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