Industry Perspectives Paper provides tactics to broker-dealers for improving compliance procedures
Minneapolis, MN, March 1, 2013 – Terrapin Technologies, a leading solution provider to broker-dealers, has released the second in a series of “Industry Perspectives” papers that address important topics in the financial services industry. “Between Exams: Preparing for a FINRA Exam When You Don’t Think You Need To” presents guidelines and strategies for preparing for future FINRA exams.
“The increasing cost of compliance – in time and money – is something broker-dealers face every day,” said Kristefor Lysne, President of Terrapin Technologies. “So we wanted to write something that would potentially help improve compliance procedures. The more we talked to compliance professionals, the more it became clear that the time to improve is when a FINRA exam isn’t on the near horizon.”
The paper – which focuses on utilizing FINRA resources, investing in software, testing often, and promoting a compliance-friendly culture – was based on interviews with five compliance experts from around the country. “Together, these experts have over a century’s worth of experience in financial services compliance,” said Lysne. “We think that what they have to say will be of interest to broker-dealers everywhere.”
To download this paper, go to www.terrapintech.com/finra-exam
Terrapin Technologies provides data management solutions and a strategic partnership approach to integrate all areas of a broker-dealer’s operations including accounting, CRM, commissions, compensation, compliance, and sales reporting. When Terrapin introduced Pandia in 1995, it became one of the first solution providers to offer a secure web-based application designed specifically for broker-dealers. Pandia is an integrated and scalable suite of tools and services that gives broker-dealers the knowledge and flexibility they need to run an efficient and growing business. Terrapin Technologies is a privately held company located in Minneapolis, Minnesota. For more information, please visit www.terrapintech.com or contact us at firstname.lastname@example.org
James Pfeiffer, 612-244-2334