Doing nothing about regulatory compliance is expensive unless you’ve got $1 million to throw away?
Are you willing to take that risk?
Michael Scott Olson, President and Chief Compliance Officer of Great Point Capital LLC did and look how well that turned out.
He and his firm submitted an Offer of Settlement to FINRA in which the firm was censured and fined $1,100,000 (of which $50,000 is joint and several with Olson). The cherry on top is that Great Point Capital must also retain an independent consultant to conduct a comprehensive review of the adequacy of the firm’s policies, systems, controls, and procedures (written and otherwise).
Compliance is so much cheaper!
Really. It’s less costly to do the right thing and be safe, secure and compliant — as little as $1.25 per month per user to access one of Patrina’s Integrated Compliance Suite’s 8 powerful modules built on the industry’s easiest-to- use dashboard.
Stop doing nothing. Save time. Manage risk. Be compliant.
Patrina’s Integrated Compliance Suite is designed for Broker-Dealers, RIAs, and FCMs. It delivers a single, powerfully integrated platform to automate workflow and deliver a 360º view of your entire, non-trading compliance program.
Are you willing to take that risk?
Michael Scott Olson, President and Chief Compliance Officer of Great Point Capital LLC did and look how well that turned out.He and his firm submitted an Offer of Settlement to FINRA in which the firm was censured and fined $1,100,000 (of which $50,000 is joint and several with Olson). The cherry on top is that Great Point Capital must also retain an independent consultant to conduct a comprehensive review of the adequacy of the firm’s policies, systems, controls, and procedures (written and otherwise).
Compliance is so much cheaper!
Really. It’s less costly to do the right thing and be safe, secure and compliant — as little as $1.25 per month per user to access one of Patrina’s Integrated Compliance Suite’s 8 powerful modules built on the industry’s easiest-to- use dashboard.Stop doing nothing. Save time. Manage risk. Be compliant.
Patrina’s Integrated Compliance Suite is designed for Broker-Dealers, RIAs, and FCMs. It delivers a single, powerfully integrated platform to automate workflow and deliver a 360º view of your entire, non-trading compliance program.Sign up here for a 15-minute demo to see how Patrina can help you nip potential exposure in the bud faster and more effectively.
Contact Us for Questions or Comments
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Address: Patrina Corporation, Two Wall Street, New York, NY 10005
call us at: (212) 233-1155
e-mail: Customer Service
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