Cordium, a provider of governance, risk and compliance services, has expanded its compliance services for US and foreign broker-dealers and investment advisers with the launch of a new regulatory hosting solution in the US.
This platform complements the firm’s existing offerings of guiding firms through US Securities and Exchange Commission (SEC) registration and Financial Industry Regulatory Authority (FINRA) membership and providing ongoing compliance services.
The expansion will allow Cordium to support financial services clients who need to start marketing without the need for SEC registration or FINRA membership, especially where this activity does not justify the cost and effort involved in registration and membership, thereby reducing the operational and regulatory risk.
Bill Mulligan (pictured), group president, Cordium, says: “US regulators have signalled a greater focus on the distribution activities of registered investment advisers. For clients seeking to manage the regulatory and compliance requirements of distribution in a robust way, Cordium can now offer a reliable high quality solution.”
The hosted regulatory platform will also allow Cordium clients to take advantage of “chaperone” services for foreign broker-dealers in accordance with SEC Rule 15a-6, assisting non-US broker-dealers in gaining access to major US Institutional Investors.
