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Charles Schwab Corporate Service. (Technology Tools: Compliance).


Charles Schwab Charles Schwab can refer to:
  • Charles M. Schwab, founder of Bethlehem Steel.
  • Charles R. Schwab, founder of the brokerage.
  • Charles Schwab Corporation, the brokerage.
 Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners.  is expanding its executive services offering with Section 16 Center, an online reporting system that enables public companies to report insider transactions within new, tighter federal guidelines guidelines,
n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks.
.

As a result of last year's SarbanesOxley Act, Section 16, insider transactions must be reported to the SEC within two business days, using SEC Form 4. Beginning July July: see month.  30, these reports must be submitted to the SEC electronically.

Schwab's Section 16 Center includes tools the client company can use to review, approve and monitor each step of the transaction, from pre-trade verification through SEC form filing. It also enables electronic filing of SEC Form 3 and Form 5. Additional information is available from Schwab at 877.804.3529.

Web: www.schwab.com
COPYRIGHT 2003 Financial Executives International
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2003, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:insider trading reporting service
Publication:Financial Executive
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 1, 2003
Words:123
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