Share on Facebook Share on Twitter Share on Google+ Share on Linkedin Raleigh, NC, May 16, 2017 (GLOBE NEWSWIRE) — RegEd, the leading provider of compliance and risk management technology to broker-dealers and other financial services firms, today announced that it has surpassed 250,000 registered reps reporting outside business activities and compliance disclosures through its enterprise platform, representing 50% of the registered rep population across firms with over 100 reps. The firm has achieved this milestone through its unique capacity to support complex hierarchies and multidimensional approval processes. RegEd’s Enterprise Outside Business Activities / Compliance Questionnaires solution is used by hundreds of industry firms, including 80% of the top 25 broker-dealers. A module of RegEd’s fully integrated Conflicts of Interest Management Solution Suite, Outside Business Activities is the top choice among broker-dealers across the country, and a reason why RegEd is the highest volume FINRA Web EFT filer with more than 1 million transactions processed. To date, more than 3.5 million Outside Business Activities (OBA) and Compliance Questionnaire transactions have been submitted through the RegEd platform, on which more than 8 million active registrations and licenses are also managed. Outside Business Activities leverages RegEd’s powerful platform capabilities to facilitate the collection, analysis and reporting of critical compliance information in the precise format required by FINRA, and enables centralized management of OBA disclosures, attestations and amendments, workflow-directed task management, real-time validations and exception alerts and sophisticated hierarchy management. Outside Business Activities significantly reduces review time and facilitation of communications on specific requests, speeding the decision process. In addition, the solution seamlessly integrates with FINRA WebEFT, enabling registered representatives to affirmatively attest to the accuracy of their U4 data on file. “With regulators increasing their focus on outside business activities tracking, it’s mission critical that firms employ technology to efficiently manage the end-to-end OBA process in a rep-friendly manner. RegEd worked with more than a dozen firms to build the most robust Enterprise Outside Business Activities solution available in the market with specific attention on a user-friendly rep front-end,” stated John M. Schobel, CEO & Founder, RegEd. “For our larger clients, RegEd’s ability to seamlessly manage their highly complex supervisory hierarchies has been paramount in their adoption of Enterprise Outside Business Activities.” Reaching this milestone confirms that the broker-dealer industry is increasingly relying on RegEd solutions to reduce non-compliance risk, eliminate time-consuming manual processes, and maintain good standing with FINRA regulations. About RegEd, Inc. RegEd, Inc. is a leading provider of enterprise compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for broker-dealers, insurers and other financial services firms. For more information, please visit www.reged.com.