GRC Solutions for Broker-Dealers

The Financial Industry Regulatory Authority (FINRA) requires broker-dealers to “maintain a system to supervise the activities of their associated persons and to achieve compliance with securities laws and regulations and FINRA’s rules.”

Our broker-dealer services division in our compliance consulting firm can help implement sound compliance and supervisory programs that address appropriate FINRA and Securities and Exchange Commission (SEC) regulations. Our broker-dealer compliance consultants have years of regulatory experience, professional designations, and Certified Anti-Money Laundering Specialists (CAMS) Certifications.

We understand that the size and nature of a broker-dealer can vary widely, from market maker, to Funding Portal (FP-BD), to upcoming Capital Acquisition Broker (CAB). As a result, we take a firm’s unique characteristics into account when designing, updating, and/or implementing compliance policies and procedures.

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Our solutions

Our broad range of services for broker-dealers extend from guiding firms through all aspects of the initial registration to providing consultations on the implications of individual rule changes.

Broker-Dealer Registration Services

We have the regulatory expertise to assist with the initial broker-dealer FINRA and/or state application filings, CRD filings and preparation of compliance and supervisory procedures. In addition, our broker-dealer compliance consultant team can assist existing broker-dealers with a Change in Membership (CMA) application with FINRA.

Supervisory Control Assessment

Our broker-dealer compliance consulting firm reviews and tests broker-dealer compliance programs in accordance with FINRA Rules 3110 and 3120 requirements.

Implementation Consultation and Training

Our broker-dealer implementation assistance services include discussions with the broker-dealer’s principals on the day-to-day compliance and management of the broker-dealer, including:

  • General regulatory compliance and recordkeeping requirements
  • Financial reporting
  • Annual requirements
  • Internal review function
  • Communication with the public policies
Anti-Money Laundering (AML) Independent Testing

Our broker-dealer service team performs independent AML testing as a qualified outside party to assess the effectiveness of a broker-dealer’s AML program. During our review, we work closely with clients to tailor our in-depth testing to each firm’s business model. Our customized approach identifies potential gaps in your firm’s AML program and provides practical solutions to address them.

Branch Office Inspections

We can assist with a review of branch audit programs and perform branch office inspections. Our broker-dealer compliance consultant branch office inspections can be a general review to assess compliance with FINRA Rule 3110(c), or they can be refined to include specific focus areas.

Trading, Financial, and Compliance Examinations (TFCE)

Our team conducts comprehensive reviews of broker-dealer equity trading desks intended to emulate the TFCE performed by FINRA’s Market Regulation Department. Our broker-dealer services also offer more limited reviews for OATS, TRACE and RTRS compliance.

Regulation Best Interest Assistance

Our compliance consultants can help broker-dealers understand the compliance and operational issues presented by Reg BI as they relate to their retail business. Our consultants can assist in designing customized procedures that will detail the steps needed to address Reg BI’s requirements as they relate to your firm.

Other Advisory Services

Build a scalable and resilient compliance program with our ComplianceAlpha® regulatory technology  platform backed by managed services support.

We offer broker-dealer chaperoning services to non-U.S. asset managers and broker-dealers that seek to market private funds in the United States without registering as a U.S. broker-dealer.

We can maintain a private-label broker-dealer on behalf of your firm, allowing you to focus on your core business. Our private label broker-dealer offering provides an opportunity for firms to have ACA Foreside own and manage a broker-dealer branded by you and dedicated solely to you as the client.

ACA Foreside can assist with all aspects of your FINRA licensing needs for both registered and private funds.

FINOP Accounting Services

We provide experienced Financial and Operations Principals (FINOPs) and professional accounting services to keep you in compliance. Our licensed Series 27 and Series 28 broker-dealer compliance consultants have years of financial experience working with FINRA and the SEC and can help support your firm.

We work with asset management firms throughout the world to facilitate compliance and product distribution through legal underwriting, registered rep licensing and chaperoning, and DTCC/NSCC fund sponsorship for all types of pooled investment vehicles.

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2023 Broker-Dealer Regulatory Filings Calendar

To help you stay on track with your firm’s FINRA reporting obligations, we’ve put together a printable calendar with key deadlines in addition to U.S. national holidays at a glance.

Upcoming and on demand webcasts

FINRA Priorities and Hot Topics 2022

Our experts will discuss how the recently released 2022 examination priorities may impact you and your compliance program.

Webcast

News

ACA Honored in Inaugural FinCrimeTech50 Award for 2024

We are honored to be one of the first firms to be recognized by the FinCrimeTech50 in its inaugural year.

ACA Mirabella Celebrates Ninth Consecutive Year of Success at With Intelligence HFM European Services Awards

We are proud to announce we have secured victory in three prestigious categories at the With Intelligence HFM European Services Awards.

ACA Announces Expansion of the Executive Leadership Team with Key Appointments

ACA Group announces the addition of two distinguished professionals to its executive leadership team, Jaime Klein as Chief Human Resources Officer and Alex Fischer as General Counsel.