Broadridge Acquires Compliance and Surveillance Solution for Broker-Dealers

Broadridge Financial Solutions, Inc. announced that it is enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan. The acquisition enables Broadridge to extend its strategic regulatory reporting capabilities as well as add compliance and regulatory reporting consulting capabilities. The solution allows broker-dealers to more effectively comply with regulations such as SEC Rules 605/606 and Consolidated Audit Trail (CAT) and strengthens their capabilities around best execution, trade surveillance and the detection of fraud-based manipulative activity. It also enables clients to monitor the effectiveness of their required policies and procedures and provide detailed records to demonstrate a commitment to ongoing surveillance. “We are proud that our innovative solution is being used by an increasing number of firms to assist in meeting their compliance obligations,” said Tom Jordan, President & CEO of Jordan & Jordan. “The acquisition by Broadridge, a leader in the capital markets industry with significant size and scale, will further accelerate its capability to meet the increasing demand from clients.”