Financial Accounting Resources & News

Our expert team keeps up on the latest filings from the SEC, FINRA, and the IRS to ensure our clients can efficiently minimize costs and risks while simultaneously maximizing reporting accuracy.

Paycheck Protection Program Reopens; ACI Clients Receive Loan Approvals

May 4, 2020

The SBA-backed Paycheck Protection Program (PPP) reopened on April 27, 2020 with $320 billion in additional funding.

More than 75% of ACI’s clients who have applied under PPP have obtained official SBA loan numbers this past week.

Paycheck Protection Program Update

April 20, 2020

The SBA-backed Paycheck Protection Program (PPP) is on hold right now after more than 1.6 million loans were approved since initial launch on April 3, 2020.

ACI strongly supports an extension of the program and believes it will be vital in helping the country recover from the coronavirus pandemic.

Paycheck Protection Program: What Small Broker-Dealers Need to Know Now

April 6, 2020

The window is now open for businesses to apply for SBA-backed Paycheck Protection Program loans under the $2.2 trillion CARES Act. ACI is sharing relevant sections of FINRA’s guidance regarding the net capital treatment of covered loans.

Relief Is in Sight

March 30, 2020

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.

ACI’s Calendar of Upcoming Events

March 25, 2019/in Informational, News, Regulatory Updates/by Jay Gettenberg

In April of 2019, Elizabeth Attanasio will join a team of committee members of the NYSSCPA’s Stock Brokerage Committee in meeting with the PCAOB, FINRA and the SEC to discuss hot topics resulting from the 2018 audit year end. The purpose of this meeting will be to educate the PCAOB on challenges the FinOps and […]

ACI Participates in Effort to Overturn PCAOB Inspection over Non-Custodial Broker Dealer Audits

May 25, 2018/in Informational, News/by Shannon Sanderson

ACI’s Managing Partner, Jay Gettenberg, was in Washington D.C. this week for the 2018 FINRA Annual Conference. His recent involvement in the FINRA District 10 Committee, which commenced on January 1, 2018, offered Mr. Gettenberg the opportunity to assist Paige Pierce, chair of the FINRA Small Firm Advisory Board, and Robert Hackel, Chief Operating Officer […]

FINRA, Broker Dealers & Advisory Accounts

January 12, 2018/in FAQ, Informational, News, Regulatory Updates/by Shannon Sanderson

http://www.investmentnews.com/article/20180108/FREE/180109944/finra-warns-brokers-about-moving-clients-from-broker-to-advisory?X-IgnoreUserAgent=1

FINRA Enforcement in 2018 by Joanna Belbey at FORBES

January 12, 2018/in FAQ, Informational, News, Regulatory Updates/by Shannon Sanderson

https://www.forbes.com/sites/joannabelbey/2017/12/30/how-financial-services-firms-should-expect-vigorous-enforcement-from-finra-in-2018/?utm_content=buffera6d0c&utm_medium=social&utm_source=linkedin&utm_campaign=buffer#1e250defd003