ACA Compliance Group (ACA), a leading provider of governance, risk, and compliance advisory services and technology solutions, today announced enhancements to ACA ‘s trade blotter review analysis offering. Available today, this new automated trade blotter review tool is designed in response to challenges faced by SEC-registered investment adviser clients in keeping pace with the SEC ‘s enhanced use of technology to detect insider trading, market abuse, and other potential misconduct.
Since the SEC ‘s release of the National Exam Analytics Tool (NEAT) in 2014, there has been an increase in the amount and depth of trading data requested prior to exams, including requests for up to five years of trading activity and more than 40 trade blotter fields – a significant increase from the 13-14 fields previously required. Given the quick turnaround time for such requests – typically only two weeks – and the SEC ‘s recently adopted template format for collecting requested trade data, SEC exams are becoming increasingly complex and burdensome.
In response to these challenges, ACA developed an automated trade blotter review tool that incorporates a select set of algorithms from ACA ‘s Decryptex® market abuse surveillance technology. ACA ‘s compliance consulting team uses the tool to automate reviews of clients’ trading activities during mock SEC examinations and compliance program reviews. The tool replaces ACA ‘s previously manual processes for reviewing clients’ liquid trading activities and more closely aligns with the SEC ‘s enhanced use of technology in this area.
Benefits and improvements of ACA ‘s enhanced trade blotter review analysis include:
- Closer alignment of ACA ‘s processes with the SEC ‘s use of technology
- Automates and enhances ACA ‘s current trading tests and includes new review points using proven Decryptex technology
- Reduces false positives and increases the accuracy of results through the identification of potential “items of interest”
- Provides the ability to digest large amounts of trading activity, ensuring comprehensive analysis (versus sampling) of your firm ‘s trading and investment activities
- Enhances reporting of potential “items of interest” identified by the analysis
- Includes eight all new and many enhanced testing points
“We are excited to significantly enhance ACA ‘s trade blotter review capabilities through the incorporation of select Decryptex surveillance algorithms,” said& Nikolay Kojuharov, Partner at ACA Technology Solutions. “By automating the review process, our team can identify potential items of interest more quickly and accurately.”
Ted Eichenlaub, Partner at ACA Compliance Group, said, “Through combining ACA ‘s technology with our compliance and surveillance expertise, we continue to align our processes with regulators’ priorities and enhance our internal review processes to provide superior service for our clients.”
About ACA’s Decryptex& Market Abuse Surveillance Solution
ACA’s& Decryptex& market abuse surveillance solution provides in-depth trade surveillance to help firms identify items of interest and noncompliant trading and investment activity. The solution includes a case management tool that can store emails, reports, and research related to each investigation.
About ACA Compliance Group
ACA Compliance Group is a leading provider of governance, risk, and compliance advisory services and technology solutions. We partner with our clients to help them mitigate the regulatory, operational, and reputational risks associated with their business functions. Our clients include leading investment advisers, private fund managers, commodity trading advisors, investment companies, broker-dealers, and domestic and international banks. ACA is based in New York City and has offices in London, Hong Kong, Malta, and other U.S. cities.
ACA Compliance Group is pleased to announce the continued expansion of its online training platform to include its newest course on sexual harassment awareness and prevention.
In recent years, the topic of sexual harassment in the workplace has come into the national spotlight, bringing with it a renewed awareness about the serious and unacceptable nature of this type of behavior and its implications for employers and employees alike.
New York State has long been committed to ensuring that all individuals have an equal opportunity to enjoy a fair, safe, and productive work environment. Laws and policies help ensure that diversity is respected and that everyone can enjoy the privileges of working in New York State.& Starting this year, all New York State employers are required to administer sexual harassment training no later than October 9, 2019, and annually thereafter.& This course was designed to meet the New York State requirements and is based on the New York State curriculum.
Course Details
Our web-based training course provides firms with an effective and comprehensive overview of New York State ‘s laws and policies to help employees better understand what is considered sexual harassment, how to report sexual harassment in the workplace, and options for reporting workplace sexual harassment to external state and federal agencies responsible for enforcing anti-discrimination laws.
During the course, employees will learn about:&
- Sexual Harassment in the Workplace
- Retaliation
- Supervisors’ Responsibilities
- What to Do if Harassed
- Additional Protection and Remedies
- Sexual Harassment Case Studies
Consistent with New York State ‘s requirements, this course includes embedded questions throughout the modules. Completion is recorded for review and regulatory records.
Who Should Take Our Course?
This course is designed to provide a convenient, cost-effective method of providing general sexual harassment prevention knowledge to complement your internal compliance training programs. This course is appropriate for all employees at any size firm within any industry.& All New York State employers should strongly consider deploying this course ahead of the October 9, 2019 deadline.
Contact Information
For further information, please email& training@acacompliancegroup.com.