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LPL Financial Services Selects Mantas for New Level of Client Protection; Nation's Largest Independent Broker-Dealer Turns Compliance into a Benefit.


HERNDON, Va. -- Linsco/Private Ledger (LPL LPL - List Programming Language. LISP-like language with ALGOL-like syntax, for IBM 360. "LPL - LISP Programming Language", F.W. Blair et al, RC 3062, IBM TJWRC, Sep 1970. ), the nation's largest independent broker-dealer*, has chosen Mantas to oversee the work of more than 6,200 professionals and monitor more than 1 million accounts. E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]LPL is leveraging its investment in Mantas to gain increased insight into its business, while also protecting the firm and its clients into the future by utilizing the Mantas Behavior Detection Platform as the basis for multiple compliance applications. LPL has licensed Mantas Broker Compliance(TM), Mantas Anti-Money Laundering Anti-money laundering ("AML") is a term mainly used in the financial and legal industries to describe the legal controls that require financial institutions and other regulated entities to prevent or report money laundering activities. (TM) and Mantas Case Management(TM) for immediate enterprise-wide installation. The system will enhance LPL's existing regulatory compliance program through automated monitoring, and identification of suspicious or improper trading activity. E[acute accent]"We're giving our brokers and advisors the tools they need to deliver the highest quality service to clients," said Joe Tuorto, LPL Executive Vice President and Chief Compliance Officer. "Working with Mantas is a key step toward enhancing regulatory compliance and strengthening our clients' trust." E[acute accent]"This is a positive step forward for LPL, as well as LPL's million-plus individual investors," added Simon Moss, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Mantas. "The Mantas compliance solutions give LPL the ability to more efficiently manage their regulatory risk, gain deeper understanding of customer and employee activity, and to move quickly to prevent or limit reputational and financial damage to the firm and its customers." E[acute accent]Mantas Case Management, used in conjunction with broker compliance and AML AML - A Manufacturing Language , features an intelligent document management system that is integral to LPL's client-focused compliance requirements. The system issues alerts and automatically generates forms and letters when asset-draining instances of Active Trading and Mutual Fund Switching Fund switching

Moving money within a mutual fund family from one mutual fund to another.


fund switching

An investment activity in which shares in one mutual fund are sold and the proceeds from the sale are reinvested in another mutual fund.
 occur. E[acute accent]Mantas Broker Compliance monitors customer risk & suitability, broker sales practices, mutual fund trading, employee trading, and provides surveillance for financial advisor activities. The system alerts analysts to suspicious behavior, presenting a context of business data and historical information with which to streamline investigation. E[acute accent]Mantas Anti-Money Laundering mitigates risk with comprehensive, enterprise-wide surveillance of customer, account and transaction information to alert supervisors to suspicious behaviors. The system's unique ability to analyze every transaction and generate risk-based alerts of suspected money laundering The process of taking the proceeds of criminal activity and making them appear legal.

Laundering allows criminals to transform illegally obtained gain into seemingly legitimate funds.
 activities allows Anti Money Laundering and compliance officers to distinguish fraudulent from legitimate transactions.

E[acute accent]About Mantas

E[acute accent]Mantas provides its clients with the industry's most advanced solutions for regulatory compliance, loss prevention and revenue generation. Our clients recognize greater transparency of their business and make better-informed decisions as a result. Mantas is a global software company with operations in Europe, the Americas and Asia/Pacific. Recognized as a leader in global operational transparency, the company's products are used by more than 5,000 finance professionals in more than 100 countries. E[acute accent]Headquartered in Herndon, Va., the company has offices in London, New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Singapore and New Delhi. Mantas is majority-owned by Safeguard Scientifics, Inc. (NYSE NYSE

See: New York Stock Exchange
: SFE See Sydney Futures Exchange. ). For further information please visit www.mantas.com.

E[acute accent]About LPL Financial Services

E[acute accent]LPL Financial Services is committed to providing financial advisors with the tools they need to offer the highest quality of independent investment advice. With over 1,300 staff members headquartered in Boston and San Diego, LPL provides services and support to more than 6,200 investment professionals throughout the United States. For additional information about LPL Financial Services, visit www.lpl.com.

E[acute accent]*Based on revenues, as reported in Financial Planning Financial planning

Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against
 magazine, June 1996-2005.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 17, 2005
Words:577
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