The Securities and Exchange Commission (SEC) plays a critical role in regulating and monitoring the activities of market participants, such as dealers and government securities dealers, in order to maintain the integrity and stability of the securities markets. Recently, the SEC has proposed Rules 3a5-4 and 3a44-2 aimed at further clarifying the definitions of “dealers” […]
Is a designated in-house FinOp or a FinOp consultant better for your team? Most industry experts are aware of FINRA’s requirements for every broker dealer to register a licensed Financial and Operations Principal (FinOP). The FinOp qualification is obtained by passing one of two examinations, the Series 27 or the Series 28. Both industry exams […]
What is a Financial & Operations Principal (FinOp)? The Financial and Operational Principal (FinOp) is a role required by FINRA Rule 1200 Series (previously by NASD Rule 1022). The FinOp obtains qualification by passing the Series 27 or Series 28 examination. Upon registration, the FinOp becomes personally liable for the maintenance of the broker dealer’s […]
The $2.2 trillion CARES Act contains key provisions, which may directly assist small broker-dealer firms in weathering the COVID-19 pandemic crisis.
While the provisions of the CARES Act are still being reviewed, we want to share with you some points that may assist you with retaining your employees and keeping your operations running as smoothly as possible.