Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BISYS Offers New Breakpoint Compliance Service Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 06, 2003

BISYS Offers New Breakpoint Compliance Service

by: Ki Kim

BISYS has enhanced its portfolio of regulatory services with a new service aimed at helping broker-dealers and investment companies monitor their compliance with breakpoint sales regulations.

The service was spurred by recent findings of regulatory examinations jointly conducted by the SEC, NASD, and NYSE to determine if firms selling front-end load fund shares were properly applying breakpoint discounts for eligible customers, according to a company release.

BISYS can now assist firms in assessing their compliance with all mutual fund-related regulatory requirements. BISYS' regulatory consultants will review written policies and procedures for the supervision of mutual fund sales practices; trade processing methodology, operating systems, transfer agent, and third-party service providers; and customer transactions, as required by the NASD.

"BISYS now offers a proactive solution that assists firms in assessing the adequacy of their written supervisory procedures and compliance programs, including whether they are providing the appropriate discounts to their customers," said John Pinto, managing director of BISYS Regulatory Services. "BISYS also provides guidance on resolving any deficiencies." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use