NEW YORK, July 7, 2015 /PRNewswire/ -- INVeSHARE, an innovative provider of regulated shareholder communications, announced today the launch of TradeSuppress™, a pioneering software application that gives broker-dealers the ability to apply suppression to their post-sale prospectus fulfillment trade file.
Broker-dealers annually spend millions of dollars suppressing prospectus deliveries to their investing clients. The SEC rules which regulate the distribution of regulated shareholder materials, including prospectuses, are based on the frequency of the trade in the investment instrument, as well as the update cycle of the document. When utilizing TradeSuppress, firms save on the suppression of prospectus documents based on these SEC rules.
"With TradeSuppress, broker-dealers realize significant cost savings by directly lowering print, processing and postage costs associated with unnecessary deliveries, while complying with settlement date requirements," said Davidi Gilo, Chief Executive Officer of INVeSHARE. "Our turn-key solution integrates with their existing shareholder communications provider and offers substantial savings over current suppression rates."
TradeSuppress will be available as Software as a Service (SaaS) starting September 2015 and as an install package in early 2016.
INVeSHARE is transforming the regulated shareholder communications business with its innovative and fully compliant print and electronic delivery solutions. Since 2009, INVeSHARE has embedded industry-leading technology into broker-dealer websites, helping clients meet Enhanced Brokers' Internet Platform (EBIP) requirements. Our latest innovation includes a next-generation workflow tool for monitoring, reporting and managing risk. Broker-dealers are choosing INVeSHARE for our leading-edge technology, compliant solutions and integrated fulfillment with Computershare. INVeSHARE is headquartered in New York City with field operations in Alpharetta, GA. For more information, please visit www.INVeSHARE.com.