When regulatory agencies such as the SEC, FINRA or CFTC come knocking, will your firm be ready to respond to their interview questions, lengthy document requests or demonstrate the firm's culture of compliance?
The firm's demonstration of compliance with regulatory requirements is at the forefront of every agency's examination. Investing the time and resources needed to answer these questions will help in the firm's long-term preparation required for regulatory examinations.
At JLG, we help broker-dealers, investment advisers, hedge funds and banks take proactive steps required to identify and assess areas of risk, and to enhance — and if necessary, create — policies and procedures that address and manage these risks effectively.
We conduct on-site mock regulatory exams at the firm's headquarters and at various branch and non-branch office locations upon request. JLG also assists broker-dealers conduct necessary audits of their off-site locations pursuant to FINRA Rule 3010. In addition, many clients request JLG to conduct a risk assessment to help the firm meet their annual testing requirement. As part of the testing and risk assessment process, our attorney and supporting team of professionals will evaluate all aspects of your business that are subject to regulatory compliance, including:
- Bookkeeping records
- Account ledgers
- Trading and transaction records
- New account applications
- Customer complaints and arbitration matters
- Associated persons' and representatives' files
- Advertising and marketing materials
- Written policies and procedures manuals
- Firm registration records
- Client disclosure documents and privacy notices
- Testing of Anti-Money Laundering programs, Business Continuity Plans, Regulation S-P controls and other compliance programs
- Client contracts and account files
- Supervisory compliance controls
- New products and services, including processes for business development and authoring new policies and procedures
- Processes for evaluating actual and potential conflicts of interest and mitigation thereof
Once the mock examination or risk assessment has been conducted, JLG provides an initial findings report that addresses any critical concerns which may require immediate action. We then issue a final report, with recommendations, and work closely with clients to develop a compliance calendar that prioritizes issues according to complexity and time estimates for correcting deficiencies.
Jacko Law Group, PC conducts on-site mock exams and provides risk assessments to hedge fund managers, investment advisers and broker-dealers throughout the United States.
For more information or to speak with a securities attorney — contact our San Diego law office directly at 619-298-2880 or contact us online.
Suite 208