EMF Financial Products Announces New Regulatory and Compliance Initiatives
EMF Financial Products LLC has
undertaken a firm-wide initiative to further strengthen its
state-of-the-industry regulatory and compliance practices. Among other
operational enhancements, the firm has engaged ACA Compliance Group, a leading regulatory compliance consultancy.
Under
the terms of the engagement, ACA will conduct multiple reviews of EMF's
compliance policies and procedures throughout the year. The reviews
will focus on a wide range of operational practices including
compliance with existing and evolving regulatory requirements,
portfolio management processes, trading practices, record-keeping,
valuation, client asset safeguards and privacy protections, as well as
business continuity plans.
"Our
business has changed dramatically over the last 11 years. We and our
clients continue to put the highest premium on best practices and a
solid infrastructure," said Eric Flanagan, founder and managing member.
"While
our existing policies and procedures are robust, we took this action as
part of our long-term commitment to running our business in the best
and most professional manner possible," said David Gottlieb, senior partner.
ACA,
founded in 2002, is a full-service compliance consulting firm comprised
of former SEC, FINRA, NYSE and state regulators as well as former
senior in-house compliance managers. ACA conducts more than 100 mock
SEC audits and annual compliance program reviews annually.