Sales Material Review
We facilitate the sales material review process by (i) providing comments in connection with applicable SEC and FINRA rules and (ii) using a proprietary web based database to monitor and track the use of materials for compliance with these rules. Our services include:
- Provision of an established framework and standards for the compliance review process
- Coordination of all communication between Foreside and client staff with timely reviews and approvals
- Maintenance of an 'Advertising and Sales Literature Compliance Manual' to current regulatory requirements
- Provision of ongoing education to meet the changing SEC and FINRA regulatory landscape
Our review process includes the utilization of a proprietary web tool and database that is designed to enhance the communication flow between Foreside and its clients. As a control function, the database provides a critical tool to ensure that regulatory obligations are met by:
- Cataloguing and tracking all materials received for review and maintenance of a list of materials currently in use by clients
- Ensuring that applicable materials are filed with the FINRA within the 10 day filing requirement
- Ensuring that FINRA comment letters are forwarded to clients and that any necessary revisions are made to the material
- Delivering audit reports to clients and, if requested, to Fund CCO's which chronologically track filed materials and their status. Among other things, reports are used by Foreside personnel to monitor any compliance related patterns or trends.
Foreside and its six affiliated Broker Dealer firms will review thousands of pieces of material during 2007. This material includes: fund fact sheets, websites, article reprints, presentations, annual and semi-annual reports, shareholder letters, and broker/dealer use only communications.
Foreside strongly believes that our success in this area is due to our compliance team's industry and regulatory knowledge, and our ability to work closely with our valued clients and the appropriate regulatory bodies.
Foreside is rolling out a new web-based system that enables our Distribution clients to enter sales and advertising review pieces over the web for Foreside's review. The system includes tracking and review controls to enable clients to easily get status updates on the authorization process for their sales materials.
For further information, please contact:
RICHARD J. BERTHY
Partner, Foreside Financial Group, LLC
News
Jul 1 2008
Foreside is pleased to extend its existing service relationship with RMR Advisors, Inc. more
Jun 16 2008
Foreside welcomes the Allstate Financial Investment Trust as a new client of our firm. more
May 27 2008
Rich Berthy will assume the role of President, Foreside Financial Group, LLC from May 30th, 2008. more
May 07 2008
Foreside leases new office space in Columbus, OH to meet expansion plans. more
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