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Regulatory Reporting and Broker Dealer Compliance
RegComp Financial's Regulatory Reporting practice focuses on compliance with SEC Net Capital Rule (Rule 15c3-1). Our experts have remarkable breadth of expertise in regulatory finance, accounting, haircuts, customer reserve workouts and financial statement preparation. We offer customized solutions based on your specific needs.
Our team is known for assessing your current regulatory accounting systems, automating and improving in-house efficiencies for long term success. We provide practical, business-oriented advice in this highly technical area. Our reputation as trusted partner is exemplified by our involvement in a wide range of the most complex and challenging matters where our clients rely on our technical approach.
Outsourced Financial and Operations Principal (FINOP)
RegComp Financial provides consulting services with a focus on small to medium size broker dealer firms, including Capital Acquisition Brokers. We also assist new member firms going through the FINRA New Membership Application (NMA) Process. Our main goal is to provide broker dealer owners and executives sound mind that their financial records are accurate so they can leverage their time in other areas of the firm.
We offer customized outsourced FINOP solutions to owners and chief compliance officers. We can serve as your firm’s Financial and Operations Principal and perform all FINOP responsibilities or assist and review your FINOP's daily and monthly work. We consistently assist new member firms establish strong financial and operations processes. Here is a list of some of the offerings we provide FINRA Rule 1022
SEC Net Capital Rule (Rule 15c3-1) and U.S. Securities Haircuts
Supervision and/or performance of the member’s responsibilities under all financial responsibility rules promulgated pursuant to the provisions of the Securities Act of 1934 (Exchange Act)
Calculating regulatory net capital, and preparing your periodic regulatory reports including FOCUS, SSOI, SIS, and Form Custody.
Preparation of daily and monthly Customer Reserve Computation (15c3-3) and Net Capital report (15c3-1), daily futures Seg report and monthly TIC – Form S, SLT, and annual SHCA and SHLA.
Developing, streamlining and automating various analytical processes, i.e. aged fails, suspense account analysis, stock loan/borrow analysis, margin variance analysis, allocation analysis, and G/L tie-outs.
Performing daily COD/COR reconciliation setting up and purging trade tags, SEG deficit analysis, aging analysis and extensions filing with FINRA.
Accounts payable/receivable, payroll, month end closing, G/L maintenance and financial statement preparation.
Complex financial products including fixed income, mortgage backed, options and futures.
Ongoing Capabilities Assessment
FINRA issued Notice to Members 06-23 to remind member firms and registered financial and operations principals (FINOPs) of a FINOP's duties and responsibilities under Rule 1022 (Categories of Principal Registration). These duties are applicable to all FINOPs, regardless of whether they are employed full-time or part-time, perform such duties on-site or off-site of the member firm or hold registrations with more than one firm. Let RegComp assist your firm in ensuring compliance.
View FINRA notice to membersRegComp strongly understands the close relationship between compliance and accounting at any broker dealer as well as other firms. We have worked with many broker dealers throughout our history, and have partnered with some of the leading Fortune 500 companies to assist on projects.
Let us centralize all of your accounting functions, manage the regulatory reporting for you and assist in ensuring capital compliance.
