Are you Ready for POS3?

Effective today, May 30, 2016, Point of Sale 3 regulation comes into effect.  This means that advisors and dealers that are selling a mutual fund must provide Fund Facts disclosure prior to booking a mutual fund trade.  This regulation, first announced in 2009 has had several phases including the introduction of the Fund Fact in 2010, followed by the replacement of the prospectus with the Fund Fact in 2013 and now prime time – presale delivery!  We have worked with our 10+ enterprise clients to implement solutions that support their networks of advisors to ensure that POS3 is a simple transition for their businesses.  For those advisors that do not have a dealer-sponsored solution, we invite them to contact us to learn more about POS3 and how InvestorPOS can support them with this new regulation.

Tags: ,