LPL is leveraging its investment in Mantas to gain increased insight into its business, while also protecting the firm and its clients into the future by utilizing the Mantas Behavior Detection Platform as the basis for multiple compliance applications. LPL has licensed Mantas Broker Compliance(TM), Mantas Anti-Money Laundering(TM) and Mantas Case Management(TM) for immediate enterprise-wide installation. The system will enhance LPL's existing regulatory compliance program through automated monitoring, and identification of suspicious or improper trading activity.

"We're giving our brokers and advisors the tools they need to deliver the highest quality service to clients," said Joe Tuorto, LPL Executive Vice President and Chief Compliance Officer. "Working with Mantas is a key step toward enhancing regulatory compliance and strengthening our clients' trust."

"This is a positive step forward for LPL, as well as LPL's million-plus individual investors," added Simon Moss, CEO, Mantas. "The Mantas compliance solutions give LPL the ability to more efficiently manage their regulatory risk, gain deeper understanding of customer and employee activity, and to move quickly to prevent or limit reputational and financial damage to the firm and its customers."

Mantas Case Management, used in conjunction with broker compliance and AML, features an intelligent document management system that is integral to LPL's client-focused compliance requirements. The system issues alerts and automatically generates forms and letters when asset-draining instances of Active Trading and Mutual Fund Switching occur.

Mantas Broker Compliance monitors customer risk & suitability, broker sales practices, mutual fund trading, employee trading, and provides surveillance for financial advisor activities. The system alerts analysts to suspicious behavior, presenting a context of business data and historical information with which to streamline investigation.

Mantas Anti-Money Laundering mitigates risk with comprehensive, enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviors. The system's unique ability to analyze every transaction and generate risk-based alerts of suspected money laundering activities allows Anti Money Laundering and compliance officers to distinguish fraudulent from legitimate transactions.