Abel Noser Solutions provides an experienced multi-faceted regulatory and analytics solution to assist your firm with a variety of mandatory regulatory compliance services. Our offering leverages our in-depth data handling capabilities, robust Compliance+ trade surveillance web portal, and industry-leading client services team to enable sell-side firms comply with various SEC, FINRA and MIFID2 data and reporting requirements.
FINRA Rule 3310 Anti-Money Laundering Compliance Services
Our FINRA 3310 web-enabled solution can provide your team with unmatched client trading clarity and exception monitoring, including review of the following potentials:
- Low Priced Securities / Penny Stocks
- Illiquid Trades
- Wash Trades
- Marking the Close
- Marking the Open
- Spoofing
- Layering
- Newsfeed Analysis (Insider Trading)
Is Your Firm Compliant?
According to FINRA,”Each member shall develop and implement a written anti-money laundering program reasonably designed to achieve and monitor the member’s compliance with the requirements of the Bank Secrecy Act (31 U.S.C. 5311, et seq.), and the implementing regulations promulgated thereunder by the Department of the Treasury. Each member’s anti-money laundering program must be approved, in writing, by a member of senior management.” Learn more from FINRA >
FINRA Rule 5320 Monitoring Trading Ahead of Customer Orders
Rule 5320 Trading Ahead rule generally prohibits a member firm that accepts and holds a customer order from trading a security on the same side of the market for its own account at a price that would satisfy the customer order, unless it immediately executes the customer order up to the size of and at an equal or better price than it. Work with Abel Noser to monitor this activity and provide necessary documentation for exceptions and justifications.
We’d be happy to discuss in detail ways that our unique, marketing-leading surveillance platform can assist your firm with compliance with Rule 3310 and Rule 5320 to help avoid costly or time consuming enforcement actions.
FINRA CAT and CAIS Solutions
Our CAT/CAIS solution provides an assessment framework that enables sell-side firms to comply with the SEC Rule 613 amendment and provides not only data generation and submission, but systematic error correction and Firm Designated ID (FDID) management via an easy-to-use web portal, something that is unique to the market. Learn More >