Securities BackOffice Solutions, Inc. ComStation


		System Features The Securities SurveillanceStation system will search all client account activity daily and generate exception reports for any client account that exceeds the established parameters in the following areas:

Churning
Account Turnover
Margin Accounts
Excessive Trading
Mutual Fund & Annuity Switching
Concentrated Positions
Commission Excess
Low Priced Securities
Discretionary Account Activity
Concentrated Commissions
Principal Markups & Markdowns
Option Account Activity
Account Losses
Sales Practice Trends
Blue Sky/Licensing Issues for Reps

Additional Report Options

In addition to the automated exception reports listed above, the user will be able to pull historical reports for any client account for any date range selected. These reports will be available for an individual client account or all a selected registered representative’s client accounts. Client account exceptions will be available on a current, historic or searchable period. Additional report types will become available as the system is upgraded. All upgrades will be provided to users, as they become available.

Exception Report Parameters

All of our clients will have the ability to use the pre-established parameters contained within the system or establish their own parameters within the framework provided in each exception report. The user can change parameters at any time for a specific report or all reports.

Pricing

Pricing options will include a monthly rental or purchase option with multi-year financing available. The price will be determined based upon the number of licensed reps in each firm. We have made the system very affordable for any firm regardless of size.

Availability

The system will be in beta testing during the second quarter of 2001 and will be available to clients fourth quarter of 2001. The system is specifically designed for firms that clear on a fully disclosed basis or firms that conduct an application way business directly with product sponsors. The system can also be used in conjunction with any self-clearing firm system that can provide information downloads for client accounts.