Broadridge acquires Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan

By Pavithra R

Broadridge Financial Solutions, a provider of investor communications, technology-driven solutions, data and analytics to the financial services industry, has announced enhancing its regulatory compliance capabilities for broker-dealers with the acquisition of the cloud-based Execution Compliance and Surveillance Service (ECS) assets from Jordan & Jordan. 

The solution provides a combination of surveillance and regulatory reporting and compliance consulting capabilities for U.S. regulations.

“We are committed to helping broker-dealers simplify the process of complying with an ever-changing set of regulatory requirements. This tuck-in acquisition provides a natural extension of our reporting and compliance capabilities for pre and post execution activities for the US market and underlines Broadridge’s commitment to expanding our capital markets offerings to clients,” said Vijay Mayadas, President of Capital Markets at Broadridge.

The acquisition enables Broadridge to extend its strategic regulatory reporting capabilities and add compliance and regulatory reporting consulting capabilities. The solution allows broker-dealers to comply with regulations such as SEC Rules 605/606 and Consolidated Audit Trail (CAT) effectively and bolsters their capabilities around best execution, trade surveillance and the detection of fraud-based manipulative activity. It also enables clients to monitor the effectiveness of their required policies and procedures and provide detailed records to demonstrate a commitment to ongoing surveillance.

“We are proud that our innovative solution is being used by an increasing number of firms to assist in meeting their compliance obligations. The acquisition by Broadridge, a leader in the capital markets industry with significant size and scale, will further accelerate its capability to meet the increasing demand from clients,” said Tom Jordan, President & CEO of Jordan & Jordan.

With over $4.5 bn in revenues, New York-based Broadridge Financial Solutions provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. It provides investor communications and technology-driven solutions to banks, broker-dealers, asset and wealth managers and corporate issuers.