Broadridge Financial Solutions, Inc., a global Fintech leader, announced that it is further enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan. The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.
“We are committed to helping broker-dealers simplify the process of complying with an ever-changing set of regulatory requirements,” said Vijay Mayadas, President of Capital Markets at Broadridge. “This tuck-in acquisition provides a natural extension of our reporting and compliance capabilities for pre and post execution activities for the US market and underlines Broadridge’s commitment to expanding our capital markets offerings to clients.”
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The acquisition enables Broadridge to further extend its strategic regulatory reporting capabilities as well as add compliance and regulatory reporting consulting capabilities. The solution allows broker-dealers to more effectively comply with regulations such as SEC Rules 605/606 and Consolidated Audit Trail (CAT) and strengthens their capabilities around best execution, trade surveillance and the detection of fraud-based manipulative activity. It also enables clients to monitor the effectiveness of their required policies and procedures and provide detailed records to demonstrate a commitment to ongoing surveillance.
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“We are proud that our innovative solution is being used by an increasing number of firms to assist in meeting their compliance obligations,” said Tom Jordan, President & CEO of Jordan & Jordan. “The acquisition by Broadridge, a leader in the capital markets industry with significant size and scale, will further accelerate its capability to meet the increasing demand from clients.”
