SOURCE: Wolters Kluwer Financial Services

Wolters Kluwer Financial Services

January 25, 2010 10:15 ET

Examiner Trade Surveillance Software Offers New Functionality to Securities Firms

Enhancements Address New Massachusetts Personal Information Standards, Gifts and Entertainment Violations, and Options Symbology Initiative

WALTHAM, MA--(Marketwire - January 25, 2010) - Wolters Kluwer Financial Services has added new functionality to its Examiner software to help financial organizations comply with new personal information standards in Massachusetts, prevent gifts and entertainment violations, and meet the Options Clearing Corporation (OCC) options symbology initiative.

Examiner tracks and monitors employee personal trading activity and other issues related to codes of ethics at investment advisors, broker-dealers, hedge funds, stock exchanges and rating agencies. Its latest functionality includes enhancements related to:

-- Encryption of Personal Financial Information - Helps financial institutions comply with Massachusetts' new standards for the protection of personal information (201 CMR 17.00: M.G.L. c. 93H), which take effect Mar. 1, 2010. The new regulation pertains to anyone who owns or licenses personal information about a Massachusetts resident. Examiner has new options for sending and receiving data that contains personal information, and includes new settings for certain security measures, such as encryption of Social Security numbers and brokerage account numbers.

-- Gifts & Entertainment - Allows compliance officers to categorize and monitor employees in groups based on the allotted gift and entertainment thresholds for their particular position within the organization. Aggregation methods have also been added to help compare the value of an employee's gift or entertainment report in conjunction with their previous reports. This allows compliance officers to view a recent historical total of reports per employee based on gift or activity value, type or source, and identify any suspicious patterns.

-- Options Symbology - Accommodates the OCC's initiative to update options tickers to a minimum of 21 characters. Examiner's previous ticker field length of 20 characters has been increased to a field length of 60 wherever it is referenced and/or stored throughout the system to ensure compliance with the OCC's Feb. 10, 2010 conversion deadline.

"During the past year, the financial services industry has faced intense scrutiny when it comes to codes of ethics violations -- a trend that doesn't show signs of retreating soon," said Anna Monteiro, senior director of Regulatory Solutions at Wolters Kluwer Financial Services. "Examiner helps compliance officers to ensure that they are meeting the latest industry regulations, while preventing insider trading and other unethical practices."

For more information about Examiner, visit Wolters Kluwer Financial Services' Compliance Resource Network at

About Wolters Kluwer Financial Services

Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization's prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) EUR 3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.

Contact Information