July 28, 2008 - Raymond James Financial is using SunGard’s Protegent Surveillance in its traditional employee brokerage business to decentralize supervision at the branch level.
Protegent Surveillance is a comprehensive compliance and surveillance solution for financial services institutions. It provides users with trade-based compliance reviews that give firms an enterprise view of compliance performance and enhance users’ ability to quickly assess risk.
The financial company also uses Protegent within its independent contractor business, primarily to centralize supervision through the home office. An automated supervision and compliance process using Protegent helps provide Raymond James with standardized metrics and improved ability to manage consistency of execution.
“Protegent helps make the process of proactively managing litigation and regulatory risk more transparent and consistent,” said Kip Carevic, chief compliance officer at Raymond James and Associates.
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