801-896-0951​
REQUEST A DEMO
SITEQUEST COMPLIANCE
  • Home
  • EAGLE EYE
    • OVERVIEW
    • FEATURES
    • RISK-BASED-REVIEWS
    • REGULATORY RULES
    • EAGLE EYE FAQ
  • SQWatcher
    • OVERVIEW
    • FEATURES
    • REGULATORY RULES
  • POLICIES
    • OVERVIEW
    • FEATURES
    • REGULATORY RULES
  • Blog
  • About
  • Contact Us
  • Home
  • EAGLE EYE
    • OVERVIEW
    • FEATURES
    • RISK-BASED-REVIEWS
    • REGULATORY RULES
    • EAGLE EYE FAQ
  • SQWatcher
    • OVERVIEW
    • FEATURES
    • REGULATORY RULES
  • POLICIES
    • OVERVIEW
    • FEATURES
    • REGULATORY RULES
  • Blog
  • About
  • Contact Us

BLOG

Learn more about what we do while staying up-to-date with industry regulations and trends

2/14/2020

REASONS WHY OUR CUSTOMERS LOVE EAGLE EYE

 
Picture
  • Eagle Eye searches are 10 times more relevant than a Google search. 
  • Built-in reporting features cut your workload in half. 
  • Eagle Eye will blacklist sites that aren’t relevant to your search. Filtering through the clutter for you. 
  • Automated screenshots will help you provide everything you need to respond to a regulatory request. 

Don’t just take our word for it. A compliance officer in the Midwest said this about Eagle Eye:
The Eagle Eye Surveillance system has been a force multiplier in my firm’s supervisory scheme. This simple tool has transformed my internet surveillance sweep process from a time-consuming, multi-day enterprise where I view the same search results over and over to a simple process that can be completed in a couple of hours. ​​
Eagle Eye is simple to setup and affordable, allowing you to be up in running in a matter of days.  Contact us to learn more about how Eagle Eye can solve your web supervisions problems today and prevent compliance and supervisory headaches in the future. We'd be happy to show you how Eagle Eye will work for you.  

2/4/2020

2020 Supervision Trends

 
Picture
2020 is a big year for us as we are celebrating 10 years of compliance partnerships. There have been many significant changes in supervision over the past 10 years, especially with an increase in workload and scope for online supervision. Trying to stay compliant with the FINRA 3110 Supervision rule can become a daunting task as the web offers an easy to use and often free resources for advisors to get their name and practice out in the public eye.

As YOUR compliance partner, we’ve observed several interesting trends that we expect to see increase during 2020.

With the increase in online articles being published on blogs, websites, and social media sites like Linkedin, many advisors are writing, being mentioned, and even cited in third party articles. We continue to see these occurrences with very little if any disclosure information and perhaps is not considered pre-approved content.

Have you heard of Quora? Quora is an online question and answer platform. 775,000 people use Quora monthly to ask questions. This is a large audience that advisors have the ability to connect with. They can publish content, answer people’s questions, and search for specific topics that relate to your industry. BUT how do you know if your registered advisors are using Quora?

Yelp is another online platform that is continually growing in popularity. The Securities and Exchange Commission recently charged three advisers and a marketing firm for violating the testimonial rule by promoting their business on Yelp. Over 4.6 million businesses are using Yelp. With 163 million Yelp reviews, how are you to know if your advisors are actively soliciting testimonials from their clients?

Adding to your monitoring struggle is YouTube. It is estimated that over 300 hours of video are uploaded to YouTube every minute! There is an increasing trend in people publishing personal video and vlogs related to their business. With over 1 billion daily users how are you to find videos uploaded to YouTube by your registered advisors if they don’t send you the direct links?

Advisors can create non-monitored social media accounts. How do you know if your advisors even have a social media account if they don’t tell you about it? How do you find these social media accounts?

One of the biggest trends that we see continuing into 2020 are the use of DBAs. FINRA observed that “certain firms were not maintaining sufficient WSPs and controls, or providing adequate disclosures regarding the use of DBA names.” ​​Outside business activities and unauthorized content from your registered advisors are a growing concern that will always be present. What controls does your firm have in place to aid you in discovering these DBAs if your advisors are not disclosing them? How do you know what your advisors are putting online using their “DBA” name?

Your time is valuable. Any search engine can produce an endless amount of meaningless results that need to be reviewed. Our Eagle Eye application is designed with built-in intelligence that sifts through the web’s clutter and brings the most relevant results to your attention. Our multi-query processes and dynamically designed algorithms provide more accurate results for a quick review process. In addition to our search results our automated screenshots feature helps you document, report and escalate any issue that is brought to your attention.

One of our clients said :

/

  • 1
  • 2
  • 3
  • 4
  • 5
​"The Eagle Eye Surveillance system has been a force multiplier in my firm’s supervisory scheme. This simple tool has transformed my internet surveillance sweep process from a time-consuming, multi-day enterprise where I view the same search results over and over to a simple process that can be completed in a couple of hours."

/

  • 1
  • 2
  • 3
  • 4
  • 5
Another one of our clients said:

/

  • 1
  • 2
  • 3
  • 4
  • 5
​“As soon as we implemented Eagle Eye, the system found searches that were previously missed with the manual process and as a result, we updated our policy and procedures to minimize compliance risk. Also, one of our previous hurdles was demonstrating to our regulators with documentation that we were conducting the appropriate monitoring but with the audits reports, that are available directly from the system, we are able to document and show individual findings in an organized manner."

/

  • 1
  • 2
  • 3
  • 4
  • 5
You can minimize your risk and address these growing trends by utilizing our Eagle Eye application.

Contact us today for your personalized demo of how our application with work for YOUR firm.

Sources: https://www.sec.gov/enforce/3-18586-90-s
https://www.finra.org/sites/default/files/2018_exam_findings.pdf

    About James Cella

    James Cella is the President of a growing and innovative compliance technology provider called SiteQuest Compliance. James is a customer-centric individual and focuses on building and sustaining positive and lasting relationship with his clients and partners. James and his family are "super fans" of University of Utah Football and have attended nearly every home game since 2002. Go Utes!


      Don't Miss Any Future Articles or Updates

    Subscribe to Newsletter

    Archives

    May 2022
    April 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    June 2021
    March 2021
    February 2021
    January 2021
    December 2020
    October 2020
    September 2020
    August 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    October 2019
    July 2019

    Categories

    All
    DBA
    Eagle Eye
    FINRA
    FINRA 2210
    FINRA Regulations
    Internet Supervision
    NASD 2210
    NASD 3010
    OBA
    OCIE Risk Alert
    Policies
    SEC
    SQWatcher
    Supervision
    WSPs

    RSS Feed

Products

Eagle Eye
SQWatcher
Policies

Company

​About Us
​Contact
​Support
Privacy Policy

Popular Posts

Are You Updating Your WSPs?
Firm Fined for Failing to Supervise Social Media Accounts
New Secretary of State Searches
High-Risk Brokers: What Are You Doing About Them?
​
© COPYRIGHT  2022. ALL RIGHTS RESERVED.