CAPITAL FORENSICS, INC. TO ASSUME BROKER PROTOCOL ADMINISTRATION FROM BRESSLER, AMERY & ROSS, P.C.
PALATINE, IL – JANUARY 22, 2018 – Capital Forensics, Inc. (CFI) announced today that the firm will assume responsibility for administration of the securities industry’s Protocol for Broker Recruiting (“Broker Protocol” or “Protocol”) effective January 22, 2018. CFI has provided a range of regulatory consulting and litigation support services over the past 25 years, primarily for financial services companies.
The Broker Protocol administration role has been performed since May 2015 by the law firm Bressler, Amery & Ross, P.C., and the transition of responsibilities to CFI was facilitated by the Securities Industry and Financial Markets Association (SIFMA), the trade group that represents the shared interests of securities firms, banks and asset management companies.
Originally created in 2004, the Broker Protocol governs the use of client information when Registered Representatives (brokers) move between firms that are signatories to the Protocol, with the stated principal goal of furthering clients' interests in privacy and freedom of choice in connection with the movement of their Registered Representatives. Approximately 1,700 firms of all sizes are currently Protocol signatories.
Capital Forensics’ Chairman and CEO, Vadim Khavinson, said, “We’re honored to have been selected for this role, and CFI views it as an opportunity to demonstrate our support for the continued success of the securities industry. We also applaud the dedication of Bressler, Amery & Ross over the past 2 ½ years, in their role as Protocol administrator. Our immediate goal is to ensure a smooth transition of those responsibilities.”
Similar to Bressler, Amery & Ross, P.C., Capital Forensics’ role in administering the Protocol will be strictly limited to maintaining and distributing lists of Protocol signatory firms and their contact information. CFI will not provide legal advice as it relates to the Protocol; interpret the terms of the Protocol; or police signatories' conduct as it relates to the Protocol.
About Capital Forensics. Inc.
Founded in 1993, Capital Forensics, Inc. (CFI) provides data analysis, expert testimony, litigation support and regulatory consulting for the financial services industry. CFI’s clients range from financial institutions – including broker-dealers, hedge funds and Registered Investment Advisors – to FORTUNE 500 companies.
CFI’s major practice areas include: Data Analytics • Litigation Support & Expert Testimony • Compliance, Regulatory & Risk Consulting • Forensic & Fraud Investigations • The industry’s most comprehensive suite of Arbitration Tools, including ArbReporter®, ArbSelector® and MockArb®. CFI has assisted business leaders and litigation teams in thousands of successful case resolutions and regulatory inquiries.