Broker-Dealers, whether large or small, domestic or international, are similar in many respects: They face ever-increasing challenges in the current business and regulatory environment and, regardless of size or business lines, they need to have effective solutions to compliance and risk management issues.
We understand that as legislative and regulatory scrutiny has intensified, compliance costs have skyrocketed as well, with a potentially devastating impact on your business initiatives and goals.
We can help you reduce those costs and, at the same time, enhance your firm’s compliance efforts in a way that is appropriate for your specific regulatory needs and yet sensitive to your budget.
We know that an effective compliance and risk management program for a Broker-Dealer must be both sound from a regulatory perspective and sensitive to cost from a business perspective.
We offer a comprehensive array of traditional and innovative compliance products and services, such as drafting policies and procedures, conducting mock audits, etc. But we also help our clients make informed choices about compliance and risk management strategy. Cost-effective choices that produce good business and regulatory results.
What are some of the specific things we do?
- Process New Member Applications (NMA) and Continuing Membership Applications (CMA)
- Review, draft, and update Written Supervisory Procedures (WSPs) and Compliance Manuals
- Conduct a 3120 Supervisory Controls Review and Assessment; prepare 3130 Certification
- Conduct mock SEC and FINRA examinations, as well as OSJ and branch office examinations
- Prepare the firm for upcoming SEC and FINRA examinations, and assist the firm in responding to examination findings
- Review Anti-Money Laundering Compliance Procedures and perform Independent AML Tests
- Review Client Documentation and New Accounts
- Review Trade Surveillance and Reporting
- Conduct Annual Compliance Meetings, Compliance Seminars, and Annual Registered Rep Interviews
- Provide FINOP Services and FOCUS Reporting/Review
- Conduct Continuing Education Needs Analysis and Training
- Provide Registration Services/Web CRD filings
- Review back office operations functions, including clearing relationships
- Review Business Operations; update Disaster Recovery and Business Continuity Plans
- Review Communications with the Public: e-mail, correspondence, advertising, sales literature, website content, and research reports
- Keep management abreast of the changing regulatory environment and provide interpretative assistance regarding rules, regulations, and best practices
The ASCHCO Consulting Group is a team of experienced professionals — former senior regulators and senior legal, compliance, and operations officers — who specialize in the constantly changing and highly regulated world of Compliance and Operational Risk Management across the financial services industry. We utilize our extensive experience in both the public and private sectors to deliver expert guidance and assistance tailored to our clients’ needs and without the exorbitant fees or bureaucracy of the large consulting firms.
We have offices in the New York metropolitan area and Florida and Consultants located throughout the United States. Please contact us, either via email (info@aschcoconsulting.com) or telephone (516.578.8365) for a free consultation and to learn more about the array of traditional and innovative compliance, regulatory, and risk management products and consulting services we offer.