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MyComplianceOffice Announces Client Base Growth to 23 Clients

New York, NY – December 1, 2008 –MyComplianceOffice announced an increase in their client base to 23 new clients during 2008.

MyComplianceOffice attributes the growth to its flexible software model which allows compliance professionals to efficiently manage their firm’s activities while enabling them to focus more on meeting their compliance risk obligations.

Milestones of 2008 that supported the growth include:

  • Release of Version 2.0 with upgraded features and client feedback enhancements to answer the growing needs demanded by SEC regulations.
  • Release of Employee Personal Trading with automated brokerage statements added to the software making MyComplianceOffice a more efficient tool for compliance professionals.
  • Gained partnerships with leading industry compliance consultants for MyComplianceOffice to be used as the platform to manage their clients.
  • Moved into larger office space to accommodate the hiring of support staff to manage the growth.

Brian Fahey, President/CEO of MyComplianceOffice said,

“Firms are demanding automation of repetitive administrative tasks which is preventing compliance professionals from maintaining the assurance of ongoing testing and monitoring within a firm. Our solution offers firms complete oversight of its compliance activities while allowing firms to meet SEC regulations more efficiently in an easily adaptable and affordable software. Firms now have the ability to rely on one source for their compliance program versus multiple common desktop applications.”

Tim Kennedy VP of Sales/Marketing of MyComplianceOffice said,

“With inevitable coming changes in response to current market conditions, firms are now seeing the value of investing in a compliance office management system (COMS) such as MyComplianceOffice specifically designed for hedge funds, registered investment advisors, and broker dealers.”

About MyComplianceOffice

MyComplianceOffice is a web-based software solution specifically designed for Investment Advisors, Hedge Funds, and Broker Dealers. It automates and centralizes a firm’s compliance procedures and activities such as certifications, code of ethics, personal trading, policy management, testing, tracking of issues and compliance document management. It implements the firm’s customized compliance program in the most cost-effective manner possible while simultaneously ensuring long-term stability to the compliance program.

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