Overview
Maximize your firm’s efficiency and compliance with Singular’s cutting-edge Outside Business Activity (OBA) and Private Securities Transactions (PST) tracking solution. Singular is purpose-built to help your firm effectively monitor and manage employee OBAs and PSTs, providing a seamless way to streamline reporting, enhance transparency, and ensure full adherence to your firm’s internal policies and regulatory requirements.
Singular goes beyond basic tracking by offering detailed insights, real-time visibility, and automated workflows that simplify even the most complex compliance processes. Its intuitive system minimizes administrative burdens while significantly reducing compliance risks.
With Singular, every transaction is meticulously recorded, empowering your firm to maintain regulatory compliance effortlessly. By eliminating manual inefficiencies, Singular frees up valuable resources, allowing your team to focus on driving core business activities and achieving strategic goals.
Key Features
Intuitive Reporting Interface
Easily submit and manage OBAs and PSTs with a user-friendly interface. Users can quickly fill out online forms which can automatically be routed to compliance ensuring accurate and timely submissions, review, and approvals.
Automated Workflows and Reminders
Simplify approvals with automated workflows and timely notifications for OBA and PST submissions. Set annual reminders for reps to submit or update disclosures, ensuring seamless compliance management.
Compliance Monitoring
Comprehensive audit trails, keeping track of who, what, and when OBAs and PSTs are approved.
Real-Time Dashboards
Gain insights into outside compliance activities across your organization. Singular’s real-time dashboards provide key metrics, helping you identify compliance tasks and follow-ups.
Customizable Policies
Singular adapts to your firm’s unique needs. Customize approval workflows and reporting requirements to align with your specific policies.
Compliant Data Archiving
Your firm’s sensitive information is encrypted and archived within Singular’s 17a-4 compliant data repository. Backed by Patrina’s best-in-class customer support, your firm will always be audit ready!
Benefits
- Enhanced Compliance: Minimize the risk of policy violations with a robust system that ensures all OBAs and PSTs are accurately tracked, managed, and updated. Singular’s solution provides a centralized platform for seamless oversight, helping your firm maintain adherence to regulatory requirements.
- Increased Transparency: Cultivate trust and accountability within your firm by fostering a culture of openness between registered representatives and compliance teams. Clear reporting mechanisms and accessible records help promote transparency and ensure everyone is on the same page.
- Efficient Management: Streamline your processes with automated workflows that save time and reduce administrative burdens. From simplifying submissions to expediting approvals, Singular optimizes the reporting process, allowing compliance teams to focus on strategic priorities instead of manual tasks.
Use Cases
- Corporate: Employees engaging in business activities outside of the organization (e.g., consultancy or freelance work) might inadvertently share proprietary company data. Reporting these activities helps ensure that employees are not misusing or leaking confidential information.
- Financial Services: FINRA and SEC require a firm’s employees and contractors to disclose outside business activities to ensure compliance with regulatory standards.
- Human Resources: If an employee’s external activities take up too much of their time or focus, it could negatively affect their work performance. Reporting allows HR to assess the impact of these activities on the employee’s effectiveness and address any issues.
Why Trust Patrina Compliance with your data? Just ask our clients.
We couldn’t be the leader in regulatory compliance innovation without the trust of our clients. Compliance professionals like you.
We chose Patrina because the solutions our previous archive partner provided did not meet our growing needs... Patrina's service is impeccable.
I recommend Patrina to my state- and SEC-registered RIA clients because their email archiving system is equal to any in the market, and better yet, it's less expensive than any of the others. Patrina offers a comprehensive compliance suite so that my SEC and state RIAs can inexpensively capture everything in one portal...
