Patent ID: 8121935

Claim:
In a system for facilitating unified trading and control for a sponsoring organization's money management process using a plurality of money management firms to manage the sponsoring organization's investment portfolios, a method for monitoring compliance of the sponsoring organization's investment portfolios and of orders of the money management firms, the method comprising: receiving investment recommendations for a plurality of investment portfolios, wherein the plurality of investment portfolios contains securities, and each investment portfolio has a particular investment strategy, wherein each investment portfolio is associated with at least one money management firm that makes investment recommendations for the each investment portfolio, and wherein the investment recommendations are in the form of orders comprising a number of units to trade for each security based on the investment recommendations; receiving, for each of the plurality of investment portfolios, compliance review parameters comprising at least one of regulatory laws, regulatory rules, account restrictions, prohibited transactions, prohibited holdings, and prospectus requirements applicable to the each investment portfolio; determining, using a computer processor, according to the compliance review parameters, and prior to execution of an order, if the execution of the order would result in a violation of at least one of the compliance review parameters; suspending, pending examination of the order, the execution of the order if execution of the order would result in a violation of the compliance review parameters for the associated investment portfolio; examining the suspended order to determine whether the suspended order is canceled, modified, replaced, or approved for execution; and determining periodically, using a computer processor, for each investment portfolio, whether the each investment portfolio is in compliance with compliance review parameters associated with the each investment portfolio, and if at least one violation of the each investment portfolio's compliance review parameters is found, determining actions needed to return the each investment portfolio into compliance with the compliance review parameters of the each investment portfolio.