GRMC Solutions Launches (855) CCO-Hotline

NEW YORK--(BUSINESS WIRE)--GRMC Solutions is excited to announce the launch of its (855) CCO-Hotline, a service that allows broker-dealers and investment managers to call a toll-free number for a flat, annual fee to get answers to compliance questions. The hotline officially launched September 10, 2012.

“There has already been significant interest in the service”

GRMC Solutions believes CCO-Hotline will help financial firms meet the burden of evolving regulatory requirements in a cost-effective way. GRMC Solutions’ founder and President, Greg Wood, says, “We spread the cost of a full compliance team across multiple funds, which allows us to keep the price low. Firms can scale their back office, un-stick bottlenecks, or avoid spending a significant amount on building out an internal compliance team.” The cost of the service will vary according to the size of the user and the complexity of their compliance needs. For small users, the annual cost of the service will be less than what it would cost to employ a junior compliance person. Those who sign up for CCO-Hotline in September will receive one month free.

GRMC Solutions will be exhibiting the CCO-Hotline at the 2012 NAPFA West Conference in Portland, Oregon. Wood indicates, “There has already been significant interest in the service,” and he says, “The best alternative to CCO-Hotline is high-priced law firms or consultants, who charge by the hour." Wood believes that “the traditional law-firm model is quickly being replaced by innovative solutions, such as CCO-Hotline. The industry needs a compliance solution that does not deplete their capital, and that is what CCO-Hotline achieves.”

About GRMC Solutions

GRMC Solutions helps financial institutions worldwide meet the burden of evolving regulatory requirements by providing outsourced compliance, documentation, and project-management services. In addition to a suite of compliance services, including its toll-free (855) CCO-Hotline service, GRMC negotiates trading-documents, such as prime brokerage, futures, repo, and derivative agreements. GRMC also offers fund formation, regulatory interpretation, operational process design, and project management for the Dodd Frank Act, Form PF, the European Market Infrastructure Regulation (EMIR), and the Foreign Account Tax Compliance Act (FATCA). http://www.grmcsolutions.com