Greenboard Releases AI Harness for SEC and FINRA Compliance Teams

Greenboard, a New York compliance software vendor, released GreenboardGo2.0, an AI harness that lets SEC and FINRA firms run their compliance programs through one interface, with 240 tools and a 17a-4 audit record.

The release matters to compliance buyers because it moves AI compliance software for SEC and FINRA firms from drafting help toward agents that change workflows, rules and reports. Each of those actions must still stand up to an examiner. The platform supported 750 regulated firms and 35,000 users in the most recent quarter, up from the 500 financial institutions Greenboard cited when it raised its Series A in May.

What GreenboardGo2.0 does for AI compliance software

GreenboardGo2.0 extends GreenboardGo, the conversational layer Greenboard launched in May. The new version works across the whole platform. Compliance staff at SEC and FINRA firms can use the AI to query, configure and automate any part of their program in the software from one place.

Every action is written to a record based on write once, read many (WORM) storage that Greenboard says meets Rule 17a-4. That SEC rule sets electronic recordkeeping requirements for broker-dealers. Its 2022 amendments kept WORM as an option and added an audit-trail alternative that lets a firm recreate an original record if it is altered, overwritten or erased.

The harness also runs inside Slack, Microsoft Teams, Claude and ChatGPT. More than 240 Greenboard tools are exposed there through the Model Context Protocol (MCP), an open standard that lets AI assistants call outside software. Activity stays within permissions the compliance team sets, and a person must approve any output before it becomes final.

How an AI harness differs from conventional tools

A foundation model is the language model itself. A harness is the software around it. It decides which policy, record and tool the model can reach, what it may do with them, and where a person must sign off.

Greenboard’s argument is that a model alone cannot do compliance work. The work needs the right policy, record, tool and person at the right moment. A harness supplies those connections along with firm-specific context, guardrails and an audit trail an examiner can trace.

That differs from the surveillance, archiving and workflow compliance software that SEC and FINRA firms run today, whether or not it includes AI. Those tools ship a fixed set of features and flag items for review. GreenboardGo2.0 lets teams build their own agents by choosing the trigger, the context, the sequence of actions and the stage at which a person approves.

The agents can adjust workflows, forms, rules and settings. They can also produce reports across the whole program and automate any process a team can build in Greenboard. Because every module shares one record, the harness can act across all of them.

Which SEC and FINRA obligations the platform covers

The underlying platform covers five areas. It archives and supervises email, social media and text messages. It handles employee compliance, including attestations, pre-clearance and trade monitoring. It reviews marketing material, manages firm compliance and filings, and runs third-party due diligence.

Those areas map to several rulebooks. Archiving ties to broker-dealer books-and-records rules and to records retention duties more broadly. Supervision of electronic communications falls under FINRA supervisory rules for member firms. Marketing review relates to the SEC’s marketing rule for investment advisers, Rule 206(4)-1 under the Investment Advisers Act of 1940.

Greenboard’s customer list includes Betterment, Kroll, Advisors Excel, TIFF Investment Management, Oxford Financial Group and Harbert Management Corporation. Its site also carries comments from compliance officers at TIFF and at FSG, a financial planning firm. Those comments address the platform, not the new harness, which has too short a record for buyers to judge.

Greenboard’s fiduciary commitment on firm data

Alongside the launch, Greenboard published a fiduciary commitment built on six principles: loyalty, care, candor, supervision, agency and continuity. GreenboardGo works only for the firm that deploys it. Greenboard does not sell firm data, and a firm’s data leaves with it on request.

The commitment also says GreenboardGo tells users when output is AI-generated, when it is uncertain and when the underlying models change. It adds that the tool escalates matters it should not decide. Under the agency principle, the firm chooses its AI.

The pledge is a contractual and reputational promise, not a regulatory standard. It still gives buyers a document to test against vendor questionnaires. Firms that already screen AI suppliers can compare it with the questions in RegTech Post’s AI vendor due diligence template pack.

The “first” claim and the competitive field

Greenboard calls GreenboardGo2.0 the first AI harness built for SEC and FINRA compliance. RegTech Post could not find an independent comparison that confirms or refutes that. The label describes a product design, not a ranking by any regulator or standards body.

The field is crowded. Archiving and supervision vendors, adviser compliance platforms and governance, risk and compliance suppliers are all adding AI assistants to software used by SEC and FINRA firms. Greenboard’s own comparison pages set it against RIA in a Box by Comply. What separates a harness from an assistant is whether the AI can act on configuration and records under logged permissions, not whether it can answer questions.

Greenboard’s chief executive framed the product as a bet on the whole category.

“GreenboardGo is a new category of product, and is effectively what we have been building towards since we started the business. I expect by 2030 AI harnesses will totally replace all other compliance software, and we’re the first to bring this to market.”

Dave Feldman, Founder and CEO, Greenboard

Ed Schembor, Greenboard’s co-founder and chief technology officer, said software engineers and lawyers already see productivity gains from harnesses. “With GreenboardGo2.0, the compliance profession will too,” he said.

Funding, backers and what compliance teams should watch

Greenboard was founded in 2023 by Feldman and Schembor. It raised a $4.5 million seed round in 2024, led by Base10 Partners. In May it disclosed a $15.5 million Series A, also led by Base10, which brought total funding to $20 million.

Other investors in the Series A include Y Combinator, General Catalyst, Wayfinder Ventures, Commerce Ventures, Transpose Platform, Liquid2 Ventures and Kulveer Taggar, along with strategic industry investors. Greenboard said the money would go toward expanding GreenboardGo, product development and sales.

For compliance teams, the practical questions sit in the controls. Who can create an agent, and who approves it? Does the approval step hold when an agent changes a rule or a surveillance setting? Can the WORM record be produced for an examiner in a usable format, as Rule 17a-4 requires? Firms using the MCP connections inside Claude or ChatGPT also bring those model providers into their third-party risk review.

Greenboard has not published a date for further releases. Its fiduciary commitment, in full at greenboard.com/fiduciary-commitment, is the document to compare against vendor contracts at the next renewal.