menu
Compliant SMS Messaging
Provide your registered reps with a text messaging app that meets the needs of most compliance departments, internal company policies, industry regulations and more.
Compliant Texting
Avoid costly fines, suspensions and other FINRA and SEC penalties by using a service that provides compliant SMS record keeping.
Low Cost Solution
Free and low monthly fee options for a dedicated phone number with no new additional phone needed for the reps.
Own the Phone Number
Your firm will assign and own the reps SMS and mobile phone number. They cannot take it with them if they move to another firm.
Ensure Your Reps Stay Compliant
Email Backup of Messages
Every text message sent and received by reps will delivered to your existing compliant email solution.
Additional Back-Up
You can also elect for us to store all sent and received text messages in our encrypted cloud storage, providing further back up redundancy.
Cost of Non-Compliant Texting
$
0
Billion
Fines to banks and brokerages for non-compliant texting
0
%
Increase in FINRA fines since 2015
0
Days +
Broker Suspensions for non-compliance
Click here to calculate the fines your firm could be susceptible for 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
ComplyComs is a app-based software solution. Each new number you add to your account provides your registered reps with texting and calling allowing them to quickly and effectively communicate with their contacts.
- Download the app and get started in minutes
- No second phone needed
- No additional lines required from mobile your provider
Retain Ownership of the Phone #
With ComplyComs, you own the mobile phone number of your registered reps. You assign it to them, and 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"
Text messaging is one of the most common and effective ways of communicating
Everyone uses text messaging to communicate because its fast, easy and gets a quick response
By prohibiting your reps from text messaging, you hampering their ability to succeed
- 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
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
Texting on Private Apps Costs Wall Street Firms $1.8 Billion in Fines…Read More
Wall Street’s texting problem forces unhappy regulators to send a billion dollar message…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
Trusted by leading BDs and RRs
“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