ComplianceGuard’s blockchain technology helps protect pensioners from the Bernie Madoffs of the world by eliminating the potential for nearly all forms of fraud and abuse. CG Blockchain, Inc. is a New York non-profit corporation that donates 100% of its profits to victims of Hedge Fund Fraud.
Doesn’t Compliance Legislation Already Protect the Public?
It is true that an entire regulatory regime has been developed
in the wake of the Bernie Madoff scandal. Nonetheless, fraud and abuse remain a problem
for the financial industry.
Despite the passage of the Dodd-Frank Act in 2010, problems remain. If the issue of financial fraud was resolved in 2010, then dozens of hedge funds would not have imploded since then.
The truth is that there is no financially viable way to solve the problem of hedge fund fraud with the technologies that are currently available. That is, until now. ComplianceGuard changes the game entirely.
A New Technology Gets to the Root
of the Problem
The reason the issue of fraud has not been solved
by regulation is that regulation simply increases the amount of unverified compliance data hedge funds produce. But unethical firms can always manufacture compliance data. Requiring them to produce more unverified data simply complicates
A second reason regulation has not solved the problem of fraud is that compliance alerts remain inside
the hedge fund, so there is no external accountability.
ComplianceGuard solves both of these problems and thereby protects pensioners in ways that have not been possible before.
It’s revolutionary blockchain technology makes it possible to have a time-stamped, incorruptible ledger that maintains verifiable compliance data.
When a firm using ComplianceGuard triggers a compliance-exception alert, a notification will be sent to an external compliance monitoring authority who can examine the situation promptly.