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Trade-PMR, Inc. Achieves SSAE 16 (SOC 1) Type I Compliance

Oct 19, 2012 1:52:23 PM

Gainesville, Florida – October 19, 2012 - TradePMR today announced that it has successfully completed a Statement on Standards for Attestation Engagement No. 16 (SSAE 16 or SOC 1) Type I audit for their introducing Broker Dealer services and their top rated advisor management software. SSAE 16 superseded SAS 70 on June 15, 2011. SAS 70 was an internationally recognized auditing standard developed by the American Institute of Certified Public Accountants and the new SSAE 16 standard comes with additional requirements for service organizations. A SSAE 16 engagement is performed by an independent auditing firm and examines the controls and processes involved in storing and handling data securely. The successful completion of the voluntary audit illustrates TradePMR’s ongoing commitment to create and maintain the most stringent controls for the protection and security of its customers’ confidential information. More information about TradePMR and their services can be found at www.tradepmr.com.

The Type I audit, which included detailed review of TradePMR controls, was performed by an independent licensed Certified Public Accounting firm that specializes in conducting SSAE 16 audits. The auditor examined TradePMR’s controls related to their physical and environmental security supporting the Data Center Colocation solution. TradePMR received a Service Auditors’ Report with a clean opinion and no exceptions were noted during testing, demonstrating that TradePMR’s policies, procedures, and infrastructure for data protection, security, and confidentiality met or exceeded the stringent SSAE 16 criteria.

“The successful completion of a service auditor’s report reinforces to advisors and their clients TradePMR’s continued commitment to providing secure and reliable solutions,” said Robb Baldwin, CEO.

SSAE 16 audits have become increasingly important for data-handling service providers since the passage of the Sarbanes-Oxley legislation, which requires a company’s business partners to have adequate internal controls. TradePMR’s customers can easily incorporate its Service Auditors’ Report in their Sarbanes-Oxley compliance programs as proof that appropriate controls are in place. The SSAE 16 reports can also help TradePMR’s customers to comply with other regulations, including, GLBA (Gramm-Leach-Bliley Act of 1999).

About TradePMR

TradePMR is a privately held brokerage firm (Member FINRA/SIPC) located in Gainesville, Florida. Since 1999, it has been a leading provider of Brokerage and Custody services to Independent Registered Investment Advisors (RIAs) and their clients by providing an integrated web-based workstation that enables RIAs to run their practices more efficiently and effectively. TradePMR Brokerage and Custody Services for Registered Investment Advisors

For further information contact Rob Dilbone, Managing Director
352.332.8723 (ext. 105), rdilbone@tradepmr.com

Written by TradePMR