Post-Transaction Monitoring
Validate transactions to ensure consistancy with pre-transaction requirements and post-transaction suitability.
Over fifty broker-dealers use RightBRIDGE systems pre-transaction to score, risk rate, and document the actions taken by their financial professionals. Regulations such as Reg BI, DOL rules, and Prohibited Transaction Exemptions such as 2020-02, as well as other state regulations shift much of the compliance and suitability requirements to the pre-transaction process. RightBRIDGE essentially acts as a pre-transaction monitoring system.
Having a consistent pre and post transaction compliance process allows firms to validate pre-transaction requirements once a transaction is completed. RightBRIDGE customers experience significantly fewer flags and issues post-transaction due to the monitoring that takes place before the transaction. However, further monitoring of transactions is required after they are made. This has created a need in the marketplace to synchronize the work RightBRIDGE performs pre-transaction with the reporting and monitoring that occurs post-transaction.
FEATURES
Post-Transaction Monitors
CapitalROCK is please to announce the expansion of RightBRIDGE systems into transaction monitoring systems. The available modules include the following:
Transaction Monitor
Reviews each transaction with appropriate checks and alerts.
• Trade Blotter
• Breakpoint Alerts
• Concentration Check
• Licensing Restrictions
• Age Restrictions
• Time Horizon Violations
Account Monitor
Continuously monitors accounts for limits and requirements.
• Trading Frequency
• Mutual Fund Standard Dev vs Risk Tolerance
• Concentration
Financial Professional Monitor
Monitoring of ongoing representative transactions and activity.
• Commonly Triggered Alerts
• Exchange % of Annuity Transactions
• High-Risk Client Demographic
AML Monitor
Alerts for anti money laundering activities.
• Unusual Trading Patterns
•Funds from International Sources
• Atypical Beneficiaries
• Customer Risk Profiling
Ad Hoc Reporting
Provides the firm the ability to generate customized reports for use by surveillance and examiners. Reports can be set to generate on a schedule, with preset parameters.
Case Manager
Workflow and case management review process.
• Bulk Approval Notes and Attachments
• Transaction Communication with Reps
• Notes on Multiple Grouped Transactions and Accounts
