FINRA Small Firms Information - A Resource for Firms With 150 or Fewer Reps

Part of Our Intention is to support SEC and FINRA Registered Firms with your needs for Accounting, Operations Consulting, and Compliance, either directly (where sponsored) or through partnerships. A key part of that Begins with our ability to connect with key knowledge of Federal, State and Local Regulatory and SRO Resources. In the same way Accounting is portable skill set, so is the art of Compliance once you have it in context of the Regulatory Framework for Compliance. Accounting, Taxes, Operations and Compliance represent broad areas of practice, but the real key is working smart with resources to find your authoritative framework and then to design and implement Operations, Control and Oversight procedures that meet the targeted objective of Compliance wether you are considering Tax Law, Employment Law,  ERISA / Pension Laws or other matters. The importance is to connect with the right resources to support the area you need for services.

In the realm of Entities including FINRA SROs for Small Firms with less than 150 Registered Representatives a good starting resource can be:

Small Firms Information at FINRA

Note: Series Licenses apply to certain elements of working with Broker-Dealers and FINRA member firms, in the same way that PCAOB registration would be required for Broker-Dealer Audits. Our Intention is to work in the positions where we are able to do so with member firms on the advisory / consulting end where currently acceptable and registrations are not required and we are also open to work with you where registration is required if you provide sponsorship. Where registrations are not currently required (please confirm with your coordinator and we will also clear with FINRA and the SEC) and over time to pursue PCAOB Registration if approached for Broker-Dealer Audits.

In every occurence our prior Experience on FINOP reporting, with Operations, Operational Audits, Controls, SEC Audits and FINRA Audits from the Controlling End will add value to Our Clients as will also our Proven Accounting, Financial and Management Reporting, Net Capital Reporting Analysis, Taxation,  Operations skills and ability to connet with SEC and FINRA rules at the source along with Financial Rules like AML, KYC and more.

 We support Clients through knowledge of Accounting, Finance, Taxes, Operations, Controls, Regulations, Financial Services expertise and smart skills with Research. Quickbooks and other Accounting Systems and  Business Analysis skills are a given. DCarsonCPA.com is here to support Financial Services and General Business, Non Profits and Individuals find us at www.dcarsoncpa.com and reach out to us at info@dcarsoncpa.com

SEC Rules from Dodd-Franks Large Trader Rules, Final Rule Iss 8-3-11, Eff 10-3-11

Watching Dodd-Franks Final Rules, here is SEC Final Rule on Large Trader's as issued on 8/3/11 and Effective at 10/3/11. Re: Broker-Dealers

Note: If the Document below appears with symbols simply refresh within the browser to clarify as text.

SEC Large Trader Reporting Rules Eff 10-3-11


DCarsonCPA.com we follow Regulations at the intersection of Accounting, Reporting, Taxation, Compliance and other needs. We also follow FASB Accounting Standards Codifications (US GAAP), IASB IFRS, OCBOA, Finance, Technology, Tax Laws and more to best support Client needs both for current reporting and better participation in the active dialogue about Regulations and Standards that pertain to Accounting and Reporting on the road ahead. Our Client's interests are our interests and we value the Art of Client Service - we are here to assist Businesses, Non-Profits and Individuals. Reach us at info@dcarsoncpa.com

CFR Title 17 Commodity and Securities Exchanges CH II - SECURITIES AND EXCHANGE COMMISSION, a key source on Broker-Dealer Regulatory Accounting and Reporting

CFR Title 17 - Commodity and Securities Exchanges. CH II - SECURITIES AND EXCHANGE COMMISSION (CONTINUED). PART 240 - GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934. Subpart A - Rules and Regulations Under the Securities Exchange Act of 1934. - Rules Relating to Over-The-Counter Markets..

The SEC Act 34 is the Legal home to key rules for Broker-Dealers, begining with § 240.15c1-3 Misrepresentation by brokers, dealers and municipal securities dealers as to registration. § 240.15c1-2 Fraud and misrepresentation. § 240.15c2–1 Hypothecation of customers’securities. § 240.15c3–1 Net capital requirements for brokers or dealers. § 240.15c3-2Customers' free credit balances.§ 240.15c3-3 Customer protection—reserves and custody of securities. and other important SEC Rules for Broker-Dealers.

We are here to assist you on Broker-Dealer Accounting, Regulatory Accounting, Reporting, Net Capital Analysis and Consulting, Trade and Settlement Date Accounting, Subordinated Equity, FINOP/ FOCUS Reporting and more. Where you need assistance on SEC Reporting or analysis of SEC Reporting we are interested in supporting you for Business Consulting or other needs. We have prior Business experience supporting Broker-Dealers in key roles on the Controllership end, and in managing FINRA and NYSE Audit Responses and would be happy to assist your firm. Where we are able to do so. We are also interested in supporting your FINOP / Series 27 work - but would require current sponsorship.

We are adept at applying SEC Rules in Part 240 to Broker-Dealer Accounting and Reporting Operations. We support your needs by connecting Accounting and Regulatory SEC Reporting with its Legal Basis in SEC Rules under CFR Title 17 and more. Call on dcarsoncpa.com when you require assistance, we Focus on Accounting, Tax, Regulatory and other related research for the best interests of your Compliance on GAAP / IFRS, Taxes, SEC Rules and more to assist you on your comprehensive needs for Accounting, Operations, Reporting and Compliance in Financial Services.

Securities and Exchange Commission Acts 1933, 1934 + 1940s Investment Acts - We are here to Assist on related Accounting, Compliance and Reporting needs.

US CFR (Executive Branch Rules) Title 17 Commodity and  Securities Exchange Ch. II Part 210 - Form and Content of and Requirements for FINANCIAL STATEMENTS, SECURITIES ACT OF 1933, SECURITIES EXCHANGE ACT OF 1934, PUBLIC UTILITY HOLDING COMPANY ACT OF 1935, INVESTMENT COMPANY ACT OF 1940, INVESTMENT ADVISERS ACT OF 1940, and ENERGY POLICY AND CONSERVATION ACT OF 1975.  Is a key source for SEC Regulatory Reporting Accounting Rules dealing with Qualifications of Accountants, Audits, Financial Statements and Elements thereof. We are most interested at this point in Elements of this section of Executive Branch Rules for their specific application to Accountants and to the Financial Services Industry.  We are for the time present focused on SEC Acts 1933, 1934 and the Investment Acts 1940 for their relevancy to our experience in Financial Services work and areas of forward interest.

The SEC Acts of 1933 + 1934 deal with initial issuance and subsequent sales of Securities in Financial Markets and Related Requirements - a substantial core of Market Related Accounting, Reporting and other related requirements for Financial Services Accountants covering IPOs, Capital Makets in Equity and Debt Securities, Broker-Dealers and more. We will go in depth with all we see in so far as it pertains to CPAs or Related Services. With prior Hands on Experience in the role providing FINOP / Net Capital Rule Focus Reporting under 15c3-1 and a ready status to include 15c3-3.

The SEC Acts of 1940 pertaining to Investment Companies and Investment Advisers are key considerations for Asset Management Firms and Research / Advisory Firms. As a CPA Practise with a close connection to the Asset Management Industry through experience and expertise, it makes sense to spend some time in this specific area.

We connect with core Accounting Rules under FASB US GAAP Accounting Standards Codifications in this case focusing on Industry Topic 940 - Financial Services - Broker-Dealers and  Industry Standards Topic 946 - Financial Services Investment Companies. In the Case of Broker-Dealers we must consider GAAP, the SEC Laws and FINRA Rules to be comprehensive. For Investment Management Firms the Same in GAAP, SEC Laws and FINRA rules. Registration requirements for Investment Advisors (while currently under review at Law) being covered at the Federal or State Level depending on Assets and introducing the next level of regulation required to be observed at the State Level.

Why not limit the consideration of this at the Doors of  US GAAP?, it is not possible to limit this analysis at the Doors of US GAAP because Laws and Rules play a large part in Financial Services Businesses and to truly be effective means to understand this and be aware of this. Yes we are limited to the role of Public Accounting or Consulting that is driven by Accounting and Reporting - but the objective is to be comprehensively tuned in to the many Laws and Rules that pertain to Financial Services and other Businesses to best support them, in Accounting, In Tax, In Regulation and Operations and in so doing we reach our greatest value added capacity when you combine this awareness with Accounting Skills, Research Expertise and in our specific pathway for relative continuing education on one of the key Industries we support the Asset Management Industry.

We are a CPA Service and Business Consulting Solution with specific area expertise with Broker-Dealers and Asset Management Firms and experience that includes prior work from the Controllers End interfacing with NYSE Coordination, FINRA and the SEC - work specifically focused on Regulatory Reporting, Accounting and Financials. For this very reason we can be a strong selection for Businesses with related needs. Stay tuned with us here in our blog and we will continue to expand on the related theme, but at this point you are sufficiently aware that we are here for you on related service needs.