October 5, 2020

Automatic and compliant investing

First world problems for partners and employees of accountancy firms: restrictions when it comes to investing. The same applies to directors and supervisory directors of listed companies. RevenYOU's BOTS app is the solution for anyone who encounters compliance restrictions. Our Bots are automated trading strategies, they trade autonomously 24/7, you are and will remain independent, you cannot have any insider information or incur compliance issues that could harm your career or hamper your private investments.

The BOTS app from RevenYOU | Investing without compliance restrictions
The BOTS app from RevenYOU | Investing without compliance restrictions

Compliance restrictions

Employees of, among others, the BIG 4 (the four largest Dutch accountancy firms) are limited in their investment opportunities. This has to do with the fact that every accountant (or employee of one of these firms) must always be and remain independent.

Set up the office where you work, sign off Adyen's annual accounts, or is involved in a super secret Due Diligence for an acquisition at, or maybe this office is the tax advisor at a company with a large claim. In that case, you might already be aware of these figures before they are actually published via the press release. Foreknowledge, and of course that is not allowed.

But the restrictions go even further than that. This applies not only to the accountant or employee in question, but also to his housemates, family in the first and second line and sometimes even friends and acquaintances.

An example told our CFO (Jos Geerken), who used to work at Deloitte. Deloitte has thousands of listed companies as restricted, yet he and his family actively invested. Fill in list after list, report after report and watch out for purchases and sales. When Deloitte became the permanent auditor of the ABN Amro and he was asked to join the engagement team, all people in Jos' immediate environment (including himself, of course) were no longer allowed to buy or even own ABN AMRO shares and ETF funds. Compulsory sales and lists full of independence questions, sign off and hand in on time. Fortunately, all went well, but a lot of fuss to check with everyone. Before you know it, you're making a mistake and a mosquito becomes an elephant in your promotion to manager, director or partner.

These restrictions make it almost impossible for this group of people to return their assets through investment. Investing through Dark Pools through independent Private Bankers who charge a lot of money doesn't sound ideal either, but maybe if you earn 5 tons a year you don't look at €10.000. We do!

BOTS by RevenYOU

BOTS believes that everyone in the world should have access to algorithmic investing. Including the people who encounter compliance restrictions. With the BOTS app, this is now also possible.

The BOTS app is an open platform on which external and expert developers offer their bots. These bots invest for you. They make their choices based on artificial intelligence, machine learning and algorithms. So bots are actually automated trading strategies. Within the app they trade with crypt currency.

The BOTS app is therefore ideally suited for people who encounter compliance restrictions:

1. The BIG4 does not directly prohibit crypto investments within the restrictions.

2. None of the BIG4 are the auditors of the crypto coins.

3. As an employee with a compliance restriction, you cannot in any way have inside information or direct influence on the crypto rates.

4. Because the bots within the app act for you, you can in no way influence the buying and selling moments. That's what they do for you.

Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Together we are going to make the world of investment fairer and more transparent. Are you interested, but your question hasn't been answered yet? Take a look at the FAQs on our site. Or contact us, we will be happy to explain it to you in person.

Tips are welcome, as a startup we can quickly adapt our products and customize them for BIG4 employees. Do not hesitate to ask your internal compliance officer about the possibilities or to contact us. We are open to ideas and compliance is high on the agenda within our company.

The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.