InnReg is uniquely positioned to support innovation in the brokerage and online trading space. We have advised several startups since our inception in 2013. This includes 2 traditional brokerage firms and 3 online BDs. In addition, Francesco Matteini, our founder and CEO, helped launch TradeKing and Zecco as their in-house CCO. Under his watch these two companies were successfully launched and then merged into one of the largest online brokers with half a million traders and almost $3 billion in assets.
Online BDs face distinct regulatory challenges compared to traditional brick-and-mortar players. This is not just a different delivery vehicle. The digital trading platform is an integral part of the product that’s as important to the value proposition as the stocks, ETFs and options offered for trading.
At InnReg we work with online BDs in three key areas:
We can leverage your current platform. Or recommend the best technology stack to fulfill all your compliance and back office needs, both effectively and cost efficiently. The final recommendation often integrates proven third-party solutions into your proprietary technology to achieve the optimal result. All of our systems and databases are cloud-based, so your team has easy access day or night from onsite or remote locations.
Information security procedures:
Suspicious activity detection, monitoring and reporting:
Marketing, advertising and content compliance:
FINRA compliance facilitator:
New client onboarding and application approval:
Account funding and funds transfer supervision:
Trading supervision and reporting:
Electronic books and records management: