Tech Transforms Compliance Role in 2017

CSS Chief Regulatory Officer Jeanette Turner was quoted in a recent Ignites article on how “Tech Transforms Compliance Role in 2017.”

A flood of new reporting requirements and a shift in regulators’ expectations has made technology a critical component of fund companies’ compliance work in 2017.

Chief Compliance Officers’ use of technology “is no longer an alternative, but a necessity,” said Todd Moyer, chief operating officer at Confluence, a Pittsburgh-based data management service provider.

For one thing, the SEC has invested heavily in tools to help its staffers dig through massive amounts of information to flag instances of firms engaging in potentially risky strategies or transactions and identify questionable conduct.

“What we’re seeing is firms following the SEC’s lead, and trying to figure out how to do more with less, and using technologically internally to see if there’s anything you should be looking at or problems you need to get ahead of,” said Turner.


Subscribe to CSS Blog

CSS frequently publishes blog posts which are written by our team from their observations in the field, at conferences and through experiences with compliance professionals. These posts are designed to further knowledge and share industry best practices. Topics run the gamut, including Form ADV, cybersecurity, MiFID II, position limit monitoring, technology challenges and more. Complete and submit the brief form below to receive notifications when we publish new content.

Loading form...

Latest Content

As Form CRS Compliance Date Nears, Approaches to Meet Challenge Coming Into Focus

Form CRS, the sleeping giant, awakens! Investment advisers and broker dealers are turning their attention to planning for Form CRS, training and developing procedures to implement the SEC’s new rule and related interpretive releases. CSS developed Form CRS Automator, a software tool, to streamline the process. It allows teams to quickly produce compliant and accurate … Continued

Key Takeaways from 2020 OCIE Exam Priorities

On January 7, the SEC’s Office of Compliance Inspections and Examinations (OCIE) issued its exam priorities for 2020 and reiterated its focus on protecting retail investors, particularly seniors and those saving for retirement. Here are some key takeaways from the exam priorities: Retail Investors OCIE will continue to focus on recommendations and advice provided to … Continued