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:
- Cataloging 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 nine affiliated Broker Dealer firms reviewed thousands of pieces of material during 2008. 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 has developed 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:
DAVID WHITAKER
Chief Operating Officer, Foreside Financial Group, LLC
News
Sep 30 2009
Foreside is pleased to announce Susan Mosher has joined Foreside as President of Foreside Alternative Investment Services ("FAIS"). more
Sep 25 2009
Foreside is pleased to expand its current relationship with Turner Investment Partners. more
Sep 21 2009
Foreside is pleased to expand its current relationship with Bridgeway Capital Management, Inc. more
Sep 15 2009
Foreside welcomes Ardmore Investment Partners LLC as a new client to our firm. more
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