22 February 2017
Visit dh.com

Prospera Financial Services deploys SunGard social media surveillance tech

11 September 2012  |  2323 views  |  0 Source: SunGard

Prospera Financial Services, a Texas-based broker dealer, is now using SunGard's Protegent Social Media Surveillance for regulatory compliance and to monitor its advisors' online activity.

SunGard's Protegent Social Media Surveillance will help Prospera monitor and archive activity and content posted to social networking websites such as Facebook, LinkedIn and Twitter. It will also help Prospera manage the supervisory and books and records requirements set forth by FINRA notice 10-06, which covers blogs and social networking sites, by utilizing tools for moderation and pre-approval of content that may be considered advertisement.

Marco Galvan, information technology manager at Prospera Financial Services, said, "SunGard's Protegent Social Media Surveillance gives our compliance officers greater confidence in allowing our advisors to participate on social media sites and run their own websites because Protegent helps them monitor that activity and protect the firm from regulatory breech and reputational risk."

Steve Sabin, chief operating officer of SunGard's Protegent business unit, said, "SunGard's Protegent Social Media Surveillance is helping customers like Prospera Financial Services establish and enforce internal social media usage policies, while also helping them mitigate risks and adhere to regulatory obligations." 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comvisit dh.comhttp://www.financialcrimerisk.fiserv.com/aml?r=finextra

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
18830 views 11 comments | 56 tweets | 92 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
9883 views comments | 49 tweets | 67 linkedin
hands typing furiouslyBlockchain Technology
9245 views 0 | 8 tweets | 1 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8852 views comments | 19 tweets | 15 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
7566 views comments | 37 tweets | 33 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job