SunGard has launched a compliance product to adhere to regulatory and internal performance requirements for firms covered by specific rules from the Financial Industry Regulatory Authority (FINRA) - the largest independent regulator for all securities firms doing business in the US.
“SunGard is committed to helping customers protect their businesses from losses and reputational damage due to compliance breaches," said Steve Sabin, CEO of SunGard’s Protegent business unit, adding that the product will help firms build a compliance programme spanning supervision and surveillance to education and training.
With the product, firms can adhere to FINRA rules 3012 and 3013, which require that all firms establish, maintain and enforce a supervisory control system in writing as well as promote communications between business managers and compliance officers throughout the firm.
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