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.
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.
FINRA Rule 3110 is intended to ensure that a firm establishes and maintains a system to adequately supervise the activities of its associated persons.
FINRA Rule 3120 is intended to ensure that firms implement Supervisory Control Policies (SCPs) that test and verify their supervisory procedures.
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).
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.
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: