Method for creating and delivering customized compliance information

Abstract

A method and system to create personalized investor information packages, based on investor information, to be delivered to the investor to satisfy both compliance regulations and investor preferences. The method and system may deliver information in a paper or electronic format.

Description

RELATED APPLICATION[0001]This application is a divisional of co-pending U.S. non-provisional patent application bearing Ser. No. 10 / 877,904, filed on Jun. 25, 2004, entitled “Method For Creating And Delivering Customized Compliance Information,” which claims priority under 35 U.S.C. §119 to U.S. provisional patent application bearing Ser. No. 60 / 482,317, filed Jun. 25, 2003. Each of these applications is incorporated herein by reference.TECHNICAL FIELD[0002]This invention relates to providing securities information to investors.BACKGROUND INFORMATION[0003]Increasing numbers of individuals every day are conducting their personal financial business, such as banking and investing, on-line. Today, with access to the Internet so prevalent, many are actively managing their own stock portfolios on a day-to-day basis. The efficiencies gained by using the services of on-line brokerages such as E*Trade, Datek, and Ameritrade, have made the associated per-trade costs sufficiently low to make s...

AI Technical Summary

Benefits of technology

This system significantly reduces costs and improves customer satisfaction by delivering tailored compliance information based on user preferences, minimizing waste, and ensuring that investors receive only relevant documents, thereby streamlining the distribution process and enhancing the efficiency of compliance information delivery.

Problems solved by technology

Although securities information is available from databases like EDGAR, the information is not readily available in a useful electronic format that enables compliance with government and securities exchange regulations, especially with regard to mutual funds and other non-corporate securities.

EDGAR, as a result of its design, makes information regarding non-corporate securities difficult to find.

This is time-consuming, and it is difficult for the investor, when attempting to gather compliance information from EDGAR, to know if all the amendments have actually been located, if the retrieved information about the fund is complete, or if the retrieved information is up-to-date.

One obstacle to widespread electronic delivery is the variable nature of the industry.

Due to heavy regulation by federal and state agencies, financial institutions that manufacture and distribute securities information have been at a disadvantage in building new delivery solutions.

Those documents are expensive to maintain and to ship, and frequently are wasted as compliance information can rapidly change and quickly render pre-printed pamphlets obsolete.

On the investor side, the system can be overwhelming.

The current system is unsatisfactory to both investors and brokerages.

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