Everyone has heard a story about a seemingly great employee who has worked in the business for many years, who would never do anything wrong, and who treats the business like his or her own. And yet, that person is discovered using the company’s checkbook to pay personal expenses…more
Several years ago, the Securities and Exchange Commission undertook a project to revise the reporting requirements of broker-dealers. As many of our clients are getting ready for their annual audit, we thought now was a good time to revisit the revised reporting requirements for broker-dealers.
In June 2011…more
The Firm originated as a provider of financial advisory and investment management services to primarily state and local governments and non-profit institutions.
Broker-dealers operate in a highly regulated environment, which frequently changes. Below are highlights of some key broker-dealer amendments recently adopted by the SEC as well as PCAOB audit findings.
SEC Amendments
The recent Securities and Exchange Commission amendments relate to the net capital rule, the customer protection rule…more