PCA designed and developed the Securities Fraud Claims Administration platforms to
manage institutional and individual investor fraud claims against many
of the largest securities fraud and class action cases in US history.
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RCB Fund Services — Richard C. Breeden, Chairman of the US Securities and Exchange
Commission from 1989 to 1993 — was appointed by the SEC and US Department of Justice
(DOJ) to oversee institutional and individual investor fraud claims against many
of the largest securities fraud and class action cases in US history.
PCA was engaged by RCB Fund Services to design and develop the claims administration
and payment
systems for WorldCom, Adelphia, Royal Dutch Shell, and Enron Victim Trust Funds, in accordance with the Fair Funds for Investors provision of the Sarbanes-Oxley Act of 2002. Unique aspects of the systems include complex fraud calculations,
Bar-code based high volume document scanning and management, and offset printing
service bureau integration.
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Securities Fraud Claims Administration capabilities include:
- Ability to accept (import), integrate and disseminate Claim data from and to multiple
sources in multiple electronic and paper formats
- Ability to process multiple types of equity, debt, fixed-income and derivative securities
held by individual, joint, trust, and institutional parties
- Algorithms to drive fraud calculations based upon sophisticated distribution schedules
e.g. level of fraud associated with type, amount and dates of securities held
- Stable, high performance database capable of processing millions of transactions
in a timely manner
- Data quality and completeness integrity methods and controls to verify eligibility
and claims and accuracy associated financials
- Deficiency Management methods to provide simple, reliable insight into claim deficiencies
and simple procedures for correcting Claim deficiencies
- Flexible printed and electronic form, notification and check design production and
printing
- Efficient bar-code integration and case tracking methods between the database and
paper-based Claims documentation
- Easy-to-Use applications, streamlined process flow, and data validations to insure
Call Center personnel accuracy and efficiency
- Broad-based management ad-hoc query and reporting of case status and forecasting
- Utility-based administrative control of case-specific factors, data fields and validations
- Comprehensive organization and role-based security access and privilege management
- Ability to access and use the system remotely through a secure Internet connections
- Advise and coordinate external vendors (e.g., Printers, I/T infrastructure, Service
Bureaus) to properly coordinate case administration support activities