Compliant Focused SMS Messaging
Provide your registered reps with a text messaging retention software that is focused on the securities industry’s regulatory requirements and internal compliance policies and procedures.
Cost of Non-Compliant Texting
Click here to calculate the fines your firm could be susceptible to for non-compliant SMS texting:
Recent SEC Fines and Related Articles
SEC watchdogs handed out $390 million in fines on Thursday to 26 investment firms across Wall Street in the latest crackdown on the unauthorized use of text and WhatsApp messages…Read More
Some of Wall Street’s biggest private-equity firms said they are negotiating settlements with the U.S. markets regulator over their employees’ use of banned communication channels…Read More.
SEC Charges 16 Wall Street Firms with Widespread Record keeping Failures. Firms admit to wrongdoing and agree to pay penalties totaling more than $1.1 billion…Read More
Wall Street’s texting problem forces unhappy regulators to send a billion dollar message…Read More
Texting on Private Apps Costs Wall Street Firms $1.8 Billion in Fines…Read More
SEC collects Wall Street’s private messages as WhatsApp probe escalates…Read More
U.S. Bank, KeyBank, Huntington tagged in $81M round of SEC penalties Fines…Read More
Low Cost Solution
Allows registered reps compliance focused texting and calling capabilities, allowing them to communicate with clients and prospects quickly and effectively. Reps install the app from the app store on their existing phone. No new hardware or cell plan required.
- Download the app and get started in minutes
- No second phone needed
- No additional mobile plan or cost required
Retain Ownership of the Phone #
With ComplyComs, once the app is installed and the mobile number is assigned, it is then proprietary to the firm. Once you assign a number, you retain it if they leave the firm.
- Your firm assigns the number and retains ownership of it
- Reps cannot take the number with them if/when they leave the firm
- Your firm, or your new rep, will receive incoming calls and messages to the number after the rep leaves your firm
"We just ban all texting"
- Average of 20% Open Rate
- Average of 90 minutes for a response
- Recipients may never open or see an email
Texting
- Average of 98% Open Rate
- Average of 90 seconds for a response
- Texting delivery is immediate
“This is a message being sent by the SEC.”
Amy L
Compliance
“I need texting to do business. Every client uses text messaging and expects me to do the same. Its the fastest and easiest solution to talk with my clients.”
Jeff S
Registered Rep
Compliant SMS
Don’t hinder your firm’s level of success by limiting your reps ability to communicate via text. Get started today.
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