Boston, MA, June 16, 2004: IMP Consulting has developed VERIFUNDâ¢, a user-friendly tool that puts control of mutual fund monitoring on the desktop of compliance officers. VERIFUNDâ¢ helps compliance and risk professionals improve regulatory compliance by enhancing their ability to detect market timing activity, enforce proper pricing of late-day trades and monitor breakpoint compliance. With its advanced account recognition technology, VERIFUNDâ¢ can also detect new accounts opened by parties subject to blocked account actions.
"With the judgment against Strong Capital, mutual fund compliance officers are understandably concerned about incurring personal liability for any improper activity on the funds they monitor," said Jane Stabile, Partner at IMP Consulting. "VERIFUNDâ¢ addresses this issue by delivering into compliance officersâ hands the transparency and control they need to enforce regulatory restrictions."