Code of Ethics

Affirmations

For investment advisors in particular, there are specific rules in place that require firms to establish a code of ethics especially regarding their personal investment activities and outside business interests. Under the code of ethics guidelines, employees have a fiduciary responsibility to disclose potential conflicts of interest. Investment advisors are also required to conduct an annual affirmations and certifications process to validate that these conflicts do not exist. While FINRA has not imposed similar affirmations and certifications guidelines for broker-dealers, most firms have employees attest to policies, procedures and outside activities.

With the Compliance11 Supervisory Suite, firms can pre-schedule the distribution and regular collection of employee affirmations and certifications to internal policies including the code of ethics. By automating this process, your firm's compliance department can complete the process in just a few days versus weeks or months. By making the process so much easier, any firm can be assured that their policies, including their code of ethics, are adhered to and comprehended.