iCompliance solution now covers FINRA Rule 2111
New York – January 17, 2012 – Ipreo, a leading global provider of market intelligence and productivity software to both capital markets and corporate investor relations professionals, announced an enhancement to its iCompliance online certificate library to help broker-dealers meet the Financial Industry Regulatory Authority (FINRA) Rule 2111 requirements.
Effective July 9, 2012, all broker-dealers transacting or making investment recommendations to clients must comply with FINRA Rule 2111, which establishes new standards for suitability. It also provides for exceptions for institutions who submit a certificate establishing ability to exercise independent judgment.
Ipreo’s iCompliance solution provides broker-dealers with instant access to thousands of U.S. compliance-related certificates across asset classes, including QIB and FINRA 5130/5131 for IPOs. In addition, Ipreo is now approved by the Securities Industry and Financial Markets Association (SIFMA) to provide the industry with a solution to meet the upcoming Rule 2111 requirements.
“This is a natural extension of our certificate library,” said Jennifer Sun, EVP and MD of Equity Capital Markets at Ipreo, “and we are uniquely positioned to support these compliance efforts in that the majority of investors who require these types of certificates are already indentified in our Bigdough contact database, greatly facilitating the fulfillment and timeliness of the compliance requirements.”
Ipreo is a global leader in providing market intelligence, data, and technology solutions to all participants in the global capital markets, including sell-side banks, publicly traded companies, and buy-side institutions. By combining state-of-the-art new issuance systems with the premier global financial and investor data, Ipreo enables our capital markets clients to execute deals more efficiently, maximizing time and resources. Our applications include end-to-end bookbuilding systems, roadshow & conference management platforms, and electronic document delivery. Additionally, Ipreo’s suite of investor prospecting and CRM solutions offers the most accurate and comprehensive institutional contacts data and profiles in the industry. Ipreo is the only financial services provider to offer solutions across all asset classes for the Equity, Fixed Income, Municipal, and Syndicated Loan markets. Ipreo is a KKR portfolio company with nearly 700 employees supporting clients in every major financial center around the world. For more information, please go to www.ipreo.com.
- For Ipreo
- Kate McKay
- Managing Director, Global Marketing & Communications