NASAA Receives DTC's Response to SEC RFI Describing Its Patented RegTech/WealthTech Decision Assistance Technology That Could Support Tougher Rules?

TROY, Mich., Dec. 2, 2021 /PRNewswire/ -- As States consider adopting their own, potentially more rigorous "fiduciary" and "best interest"-type rules and  regulations, Decision Technologies Corporation (DTC) has announced that it has provided the North American Securities Administrators Association ("NASAA") with a complete copy of its recent informational filing with the SEC describing its newly launched ProRapidReview Tool ("ProRRT") – the first-of-its-kind RegTech/WealthTech application of its patented decision-assistance technology.

You can view DTC's full response to the SEC's RFI here.

DTC's ProRRT enables investment advisors and securities brokers to select multiple performance parameters and hierarchically arrange and weight them, profiling the ideal "investment effect" desired within any covered asset class. Using this composite blend of weighted performance factors, users can objectively score and rank hundreds of choices, identifying which mutual funds and ETFs have been the best at producing the composite investment results they and their investor clients are seeking over time, and they can do this in mere moments. You can learn more about how the ProRapidReview works here.

"After more than a decade of in-house testing and use with advisors and individual investors," says Eric Smith, the Chairman & CEO of DTC, "we believe that in making it more broadly available, this technology will ultimately change the way investment selection is performed and that this submission could ultimately affect what the SEC and various state regulators view as regulatorily possible and reasonable." 

Smith believes: "The combined RegTech and WealthTech effects of this technology, could prove to be a 'game changer,' especially in helping securities brokers and investment advisors stay ahead of evolving new regulations through improving transparency, filtering out conflicts of interest, and enhancing chances of improving investment results.  It should also provide a meaningful competitive edge to early adopters, who can use it show the historic investment results prospective clients have been getting versus what they could be getting with the help of this newly available technology."  You can learn more about the benefits of using the ProRapidReview technology here.

DTC is the creator of the cutting-edge, patented decision-assistance technology which enables users of data, in a broad range of applications, to score and rank thousands of choices in a manner specific to individual needs, goals, and preferences by applying user-specified weighted blends of performance and other characteristics. Its decision engines are designed to address a growing challenge faced by people in in both their businesses and personal lives – the often-paralyzing complexity of decision making in a world of too many choices and too much information about them. DTC's technology empowers users to optimize their choices in an objective way, cutting through market "noise", filtering out conflicts of interest, and increasing probabilities of future success through facilitating better choices.

For more information, contact:
Jack Findley, COO, at [email protected] +1 947-282-2901

SOURCE Decision Technologies Corporation, Inc.