Allowed a bank to add new investment services and grow its global business with a U.S. presence.
Objective
Guide a bank through the processes of setting up and then operating a broker-dealer subsidiary for international investors wishing to trade in the United States.
Background
The client came to InnReg with a strong business idea, but needed guidance for navigating relevant regulatory regimes, building out its operations, and then supporting its compliance function once it launched.
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Challenges
A publicly-traded foreign bank with an established presence in the US wanted to be able to target retail investors from all over the world to invest in US equities. The client came to InnReg to seek in-depth, detailed knowledge on how to establish a compliant brokerage operation with a global footprint.
InnReg's Solution
Conceptualization of the bank’s broker-dealer compliance model for international investors.
Leveraged compliance expertise and experience in regulatory relations to manage regulatory exams and inquiries.
Devised and implemented a comprehensive set of compliance processes.
Advised on process design to ensure compliance with all regulatory requirements for international investors participating in U.S. markets.
Client Results
Successful launch and growth of the broker-dealer’s international business.
Positive outcomes of regulatory exams.
Efficient compliance processes and workflows to maximize internal resources.
