Linking Bonds to People

Jan. 26, 2021

Our latest integration links data from the SEC's EDGAR database (securities) and FINRA (people). This allows Empirasign users to connect a bond's trade history to the registered representatives controlling the investment decisions of funds with current or previous positions in that bond.

All US-registered investment companies (Mutual Funds and ETFs) use Form N-CEN to report basic registrant and series-level information to the SEC on a yearly basis. These filings disclose a fund's directors, officers, advisers/sub-advisers, auditors, pricing services used, and various other information. While these reports are publicly available on the SEC EDGAR website, one must perform several steps of data integration and normalization to locate the relevant information for specific funds. For example, no information about the people (PMs and analysts) who work for a fund's adviser(s) is revealed in this report.

By regularly spidering these reports and joining fund information with CRD data from FINRA, Empirasign takes care of all the heavy lifting - allowing users to instantly view the registered reps for the advisers/sub-advisers of funds with current or previous positions in any bond searched via our web app. Simply navigate to the tab labeled "Registered Reps records" on any bond trade history page.

Registered Rep Tab 12594MBB3

Links to the profile of each registered rep can be found by clicking on "External Links" under the "Rep Profile" column. Users have the option to view the representative's BrokerCheck profile, Bloomberg Bio (via B-Links), or search results from LinkedIn, Google or Bing. (More options for External Links are coming soon.)

Users can also view this information by searching a Registrant or Fund Name on our Fund Holdings Search Page. Results include:

  • Directors and officers for the fund ("Fund Officers records" tab).
  • Pricing services used by the fund ("Pricing Cos. records" tab).
  • All current and previous positions held by the fund ("Holdings records" tab).
  • A visualization of how the fund's assets are allocated across sectors ("Asset Allocation Chart" tab)
  • Accession Numbers linked to the original form N-PORT P and N-CEN filings on the SEC EDGAR website ("Filings records" tab).

Additional Info

Form N-CEN filings are part of the SEC's efforts to modernize investment company reporting, with a particular emphasis on the need for transparency among ETFs and securities lending. More information on Form N-CEN, Form N-PORT and other facets of these efforts can be found here. FAQs about N-CEN filings can be found here. A reference copy of this form can be found here.


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