Large Regional US Broker Dealer Updates Employee Compliance with MCO

INDUSTRY: Broker-Dealer  
COMPANY SIZE: 2,300 employees 
LOCATION: United States


The Company 

Large regional broker-dealer based in the US.

The Challenge 

The firm needed to replace its outdated employee compliance solution. Compliance and firm leadership had concerns about the veracity of the reporting and the amount of paper that the system generated. Both compliance users and employees were not satisfied with solutions usability and interface.  They were looking for a platform with a wide breadth of solutions, effective automation with the ability to customize and stellar service.

UK Wealth Management Firm

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The MCO Solution

The firm decided that MCO’s Know Your Employee solution provided the best in breed compliance technology that the firm’s leadership was looking for, deciding to implement MCO's Personal Trading, Gifts and Entertainment, Attestations, Outside Business Activities and Political Contributions and Donations. 

One of the key reasons that the firm chose MCO was flexibility., and the ability to customize forms, attestations and reports to best meet firm needs. Customer support was another deciding factor.  The team was impressed with implementation plan and the team that they would be working with, knowing that MCO will keep the team on track and impart best practices as part of design and deployment.


Related Resources 

Take a Forward-Looking View to Manage Conflicts of Interest

Download the white paper Why Less is More - Consolidate Compliance Technology to Reduce Cost and Risk

Watch an On-Demand Webinar on Gifts and Entertainment