NEW YORK, July 1, 2021 /PRNewswire/ -- Broadridge
Financial Solutions, Inc. (NYSE:BR), a global Fintech leader,
today announced that it is further 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 solution provides a
combination of surveillance and regulatory reporting as well as
compliance consulting capabilities for US regulations.
"We are committed to helping broker-dealers simplify the process
of complying with an ever-changing set of regulatory requirements,"
said Vijay Mayadas, President of
Capital Markets at Broadridge. "This tuck-in acquisition provides a
natural extension of our reporting and compliance capabilities for
pre and post execution activities for the US market and underlines
Broadridge's commitment to expanding our capital markets offerings
to clients."
The acquisition enables Broadridge to further 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."
Berkery Noyes and CapM Advisors acted as financial advisors to
Jordan & Jordan.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), a global Fintech
leader with over $4.5 billion in
revenues, provides the critical infrastructure that powers
investing, corporate governance, and communications to enable
better financial lives. We deliver technology-driven solutions to
banks, broker-dealers, asset and wealth managers and public
companies. Broadridge's infrastructure serves as a global
communications hub enabling corporate governance by linking
thousands of public companies and mutual funds to tens of millions
of individual and institutional investors around the world. In
addition, Broadridge's technology and operations platforms underpin
the daily trading of on average more than U.S. $10 trillion of equities, fixed income and
other securities globally. A certified Great Place to Work®,
Broadridge is a part of the S&P 500® Index, employing over
12,000 associates in 21 countries.
For more information about us and what we can do for you, please
visit www.broadridge.com.
About Jordan & Jordan
Jordan & Jordan (www.jandj.com) is a veteran owned financial
technology company that provides market data consulting and
industry solutions across the securities industry. The Market Data
practice specializes in the commercial aspects of market data
offering data usage compliance assessments, licensing support, data
governance, technology alternatives, project management, audit
services and staff augmentation. Jordan & Jordan facilitates
solutions to shared industry issues for broker dealers, asset
managers, exchanges/ATSs and vendors through their management of
the Financial Information Forum (FIF - www.fif.com) and
Research Information Exchange Markup Language (RIXML
- www.rixml.org). For additional information on services
please contact Kathy McGovern at
kathy.mcgovern@jandj.com.
Investors:
W. Edings Thibault
Head of Investor Relations, Broadridge
+1 516-472-5129
Edings.Thibault@Broadridge.com
Media:
Tina Wadhwa
Corporate Communications, Broadridge
+1 212-973-6164
Tina.wadhwa@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.