Uniquely qualified as former regulators to assist member firms

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Capital Acquisition Brokers (CAB) and Limited Scope Brokers

As a CCO responsible for managing a team and certifying compliance within your organization, your time is limited and the consequences for noncompliance are high. We offer customized, comprehensive and cost-effective services to broker dealer CCOs, FINOPs and their teams.

Our broker dealer regulatory compliance practice covers Financial Industry Regulatory Authority ("FINRA") broker dealers, including Capital Acquisition Brokers (CAB). CABs engage in a limited range of activities, essentially advising companies and private equity funds on capital raising and corporate restructuring and acting as a placement agent for sales of unregistered securities to institutional investors under limited conditions. The CAB rule set took effect in 2017. Let us assist you on the details to ensure you meet filing and qualification requirements.

FINRA enforcement

Small firms represent a critical portion of FINRAs membership and often face regulatory challenges that are unique from their large firm counterparts. FINRA investigates potential securities violations and, when appropriate, brings formal disciplinary actions against firms and their associated persons. FINRA investigations may be opened from various sources, including automated surveillance reports, examination findings, filings made with FINRA, customer complaints, tips, referrals from other regulators or other FINRA departments and press reports. Let our firm provide you with the regulatory guidance and best practices required to fulfill your obligations.

Enforcement Priorities
1. Obtaining restitution for harmed customers
2. Ridding the industry of brokers engaged in fraud or other egregious misconduct—especially brokers with a history of violations
3. Protecting seniors and vulnerable investors
4. Ensuring the integrity of the markets
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Supervision (FINRA Rule 3110)

FINRA Rule 3110 is intended to ensure that a firm establishes and maintains a system to adequately supervise the activities of its associated persons.

Supervisory Control System (FINRA Rule 3120)

FINRA Rule 3120 is intended to ensure that firms implement Supervisory Control Policies (SCPs) that test and verify their supervisory procedures.

Annual Certification of Compliance and Supervisory Process (FINRA Rule 3130)

FINRA Rule 3130 requires firms to designate and identify to FINRA on schedule A or Form BD one or more principals to serve as a Chief Compliance Officer (CCO).

Best Practices

RegComp’s professionals consists of former FINRA examination staff, with nearly 20 years of combined experience examining all types of U.S. broker-dealers. Leveraging our experience in this field, we have developed best practices to help your firm mitigate the risk of supervisory failures.

Firms leverage our extensive experience.

As a broker dealer, you can leverage the extensive compliance experience RegComp deploys as former regulators and in-house senior compliance professionals working at independent broker dealers. Our experience leaves us uniquely qualified to help with your compliance needs. We offer customized assistance with broker dealer compliance in the following areas:

Written Supervisory Procedures (WSP)
CAB Policies and Procedures
Supervisory Controls Testing
FINRA Exam Responses
Compliance Staff Support
Risk Assessment
Anti-Money Laundering Program (AML)
Business Continuity Plan (BCP)
Continuing Education
Firm Supervision and Oversight
Registrations and Form Filings
Branch Supervision
Disclosures to Customers
Marketing and Advertising
Transaction Review and Handling Customer Complaints
Recordkeeping (Books and Records)
Best Execution and Trade Surveillance
and much more.

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