Schwab has introduced proactive trade blocking to address this challenge. Proactive trade blocking is unique in the industry and prevents employees from executing a prohibited trade in error, notifying them that the prohibited trade was blocked according to their company’s rules. With other systems available today, even if a prohibited trade is detected, it is after the fact, which creates a poor experience for the employee and the employer alike, often requiring the trade to be canceled and unwound.“Proactive trade blocking offers a much more streamlined approach and a much better experience, saving time and minimizing hassles. These trading errors are typically honest mistakes made by honest people. Now we offer a unique solution that helps them avoid these mistakes in the first place,” said Rister. Comprehensive Tool Set for Employers Compliance Solutions offers additional tools and technology resources to help transform a company’s overall compliance process from complex and time-consuming to simple and efficient. Comprehensive offerings include:
- Proactive enforcement of company trading policies
- Distribution and tracking of employee affirmations and disclosures
- Logging and reporting of gifts and entertainment
- A sophisticated, cloud-based software application
- A scalable, flexible platform
- Easier maintenance of compliance policies and procedures
- Dedicated service and support teams
- Bundled pricing for cost savings
- Employee access to a full suite of brokerage products and services from Charles Schwab & Co., Inc.
- Employee access to a range of banking products and services from Charles Schwab Bank
About Compliance SolutionsCompliance Solutions is comprised of Schwab Designated Brokerage Services and Compliance11, Inc. Schwab Designated Brokerage Services has provided employee trade monitoring services to employers in regulated industries for more than 15 years and serves 950 corporate clients that monitor $38 billion in assets across 193,000 employee accounts. Compliance11 provides advanced, web-based compliance tools and technology to more than 400 corporate clients and 97,000 licensed system users.* More information is available at schwab.com/compliancesolutions or by calling 1-877-589-4276. About Charles Schwab The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 300 offices and 8.7 million client brokerage accounts, 1.6 million corporate retirement plan participants, 851,000 banking accounts, and $1.9 trillion in client assets as of October 31, 2012. The company was ranked ‘Highest in Investor Satisfaction with Self-Directed Services’ in the 2012 US Self-Directed Investor Satisfaction Study SM from J.D Power and Associates. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (“Schwab”) (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; compliance and trade monitoring solutions; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through its Advisor Services division. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides trust and custody services, banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com. (1012-6910) Follow us on Twitter: @charlesschwab Schwab and its affiliates do not provide specific individualized legal or tax advice. Where such advice is necessary or appropriate, please consult a qualified legal or tax advisor.
Schwab Designated Brokerages Services, a segment of Charles Schwab & Co., Inc. (“Schwab”), provides technology solutions for corporate clients with regulatory requirements to monitor employee security transactions. Charles Schwab & Co., Inc. and Compliance11, Inc. are subsidiaries of The Charles Schwab Corporation.*Schwab Designated Brokerage Services and Compliance11 data as of 9/30/12. Brokerage Products: Not FDIC-Insured • No Bank Guarantee • May Lose Value