RegReview Workflow · Trade Surveillance
Post-trade review for best execution and allocation fairness
Automated post-trade review against IAA §206, Reg BI, and best-execution obligations — flagging outlier prices, allocation drift, and cross trades.
The problem
Best-execution and allocation review is the single-highest exam risk for RIAs post-2024 sweeps — and the hardest to prove without a system.
How RegReview solves it
RegReview ingests OMS/PMS trade blotters, benchmarks execution against reference prices, flags allocation outliers, and rolls up to a CCO dashboard.
What the workflow does
OMS/PMS ingest
Orion, Black Diamond, Addepar, Advyzon, Tamarac, and CSV — daily blotter ingest.
Best-execution benchmarking
Executed prices vs. mid, VWAP, and NBBO at time of order.
Allocation-drift detection
Flags block trades where allocation deviates from stated methodology.
Cross-trade & principal-trade flagging
Auto-flags cross trades and principal trades for §206(3) consent workflow.
Quarterly execution report
Signed quarterly best-execution report ready for annual review.
Reg BI Care Obligation
For dual registrants, ties reviews to Reg BI Care Obligation documentation.
What you get
- →Daily trade-exception queue
- →Quarterly best-execution report
- →Annual review roll-up under Rule 206(4)-7
Pricing
Beta pricing $499/mo (single adviser) · Multi-adviser pricing on request
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Does this cover mutual-fund and ETF trades?
Yes — mutual funds, ETFs, equities, options, and fixed-income are all in scope. Private-fund trades roll into InvestPrep.
How do you benchmark execution?
For equities/ETFs: NBBO and VWAP at time of order. For fixed income: TRACE + reference-price benchmarks. For options: NBBO with time-of-order stamp.
Other RegReview workflows
Marketing Review
Line-by-line scans of decks, one-pagers, websites, and social posts against SEC 206(4)-1, FINRA 2210, FCA, CSA, and ASIC — with reviewer sign-off.
Email & IM Review
Automated review of Gmail, Outlook, Slack, and Teams for high-risk keywords, guarantees, and undisclosed conflicts — with SEC Rule 17a-4 archiving.
Personal Securities Trading (PST) Review
Quarterly and pre-clearance PST reviews against your restricted list, holding periods, and blackout windows — with a Rule 204A-1 access-person report.
Annual Compliance Review
RegReview rolls up 12 months of findings from Marketing Review, PST, Email, Trade Surveillance, and Calendar into a signed annual review under Rule 206(4)-7 (RIA) or Rules 3120/3130 (BD).
SEC & State Exam Response
The Exam Response Agent parses your SEC/state document request list into tasks, auto-locates responsive files from the OS, and drafts narratives for CCO review.