Broadridge Acquires Innovative Compliance and Surveillance Solution for Broker-Dealers

By AIT News Desk On Jul 2, 2021

Broadridge Financial Solutions, Inc., a global Fintech leader, announced that it is further enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan. The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.

“We are committed to helping broker-dealers simplify the process of complying with an ever-changing set of regulatory requirements,” said Vijay Mayadas, President of Capital Markets at Broadridge. “This tuck-in acquisition provides a natural extension of our reporting and compliance capabilities for pre and post execution activities for the US market and underlines Broadridge’s commitment to expanding our capital markets offerings to clients.”

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The acquisition enables Broadridge to further extend its strategic regulatory reporting capabilities as well as add compliance and regulatory reporting consulting capabilities. The solution allows broker-dealers to more effectively comply with regulations such as SEC Rules 605/606 and Consolidated Audit Trail (CAT) and strengthens their capabilities around best execution, trade surveillance and the detection of fraud-based manipulative activity. It also enables clients to monitor the effectiveness of their required policies and procedures and provide detailed records to demonstrate a commitment to ongoing surveillance.

“We are proud that our innovative solution is being used by an increasing number of firms to assist in meeting their compliance obligations,” said Tom Jordan, President & CEO of Jordan & Jordan. “The acquisition by Broadridge, a leader in the capital markets industry with significant size and scale, will further accelerate its capability to meet the increasing demand from clients.”