US 8,799,243 B1 · System and method providing for regulatory compliance

Abstract

A system and method providing which provides compliance tracking in a regulated organization. A plurality of users having different positions and roles in an organization are provided with different levels of access to the compliance system, and all regulatory compliance related licensing information is processed through a common compliance engine. The compliance engine operates to monitor the regulatory compliance licensing activities of licensed individuals within the organization. Compliance administrators are provided with a level access to the system which allows the compliance administrator to run searches and generate reports which show the state of various regulatory compliance licensing processes within the organization. Supervisors are provided with a level of access which allows the supervisor to review compliance regulatory licensing activities and tasks for employees they supervise. Customer representatives are able to review their own regulatory compliance information and tasks. The system and method further provide for monitoring the status of various regulatory compliance licensing activities, and operate to automatically generate emails prompting individuals in the organization to undertake necessary regulatory compliance licensing activities.

Claims9

Dependent claims

A computer implemented method for managing regulatory compliance in an organization, the method including:

storing a plurality of different job codes in a compliance database;
storing a plurality of different compliance roles in the compliance database, and for each compliance role identifying a corresponding set of required licenses;
for a new employee receiving data indicating a job code for the new employee, and receiving data identifying regulatory licenses held by the new employee;
identifying a first compliance role selected from the plurality of compliance roles which corresponds to the job code, wherein the first compliance role has a first set of required licenses;
determining if the new employee has all of the first set of required licenses;
if it is determined that the new employee does not have all of the first set of required licenses, notifying the new employee that the new employee must obtain one or more regulatory licenses.

3 more elements

A computer implemented method for managing regulatory compliance in an organization, the method comprising:

presenting a first interface page to a first supervisor of employees having regulatory licenses, wherein the first interface page corresponds to a first employee supervised by the first supervisor;
including in the first interface page a first area for adding state license registrations for the first employee, and a second area for removing state license registrations for the first employee;
receiving a first input from the first supervisor which identifies states in which the first employee should be registered;
presenting a second interface page to the first supervisor, wherein the second interface page corresponds to a second employee supervised by the first supervisor;
including in the second interface page a first area for adding state license registrations for the second employee, and a second area for removing state license registrations for the second employee;
receiving a second input from the first supervisor which identifies states in which the second employee should be registered;
preparing a mass partial form which identifies states in which the first employee should be registered, and which identifies states in which the second employee should be registered, the mass partial form allowing the first employee and the second employee state license registrations to be updated with a single transaction;
and
transmitting the mass partial form to a NASD WebCRD system.

6 more elements

Dependencies are inferred from the claim text.

System and method providing for regulatory compliance

Life of this patent

System and method providing for regulatory compliance

Life of this patent

Abstract

Claims9