Outsourced Financial & Operating Principals

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Every broker-dealer is required to comply with SEC and FINRA rules concerning the preparation and retention of financial and operational books and records. Included in these responsibilities are ensuring continuous Net Capital compliance, proper preparation and maintenance of financial records, and accurate and timely submission of various financial reports monthly, quarterly and annually. A registered Principal Financial Officer (“PFO”) is required to file these reports; however, not all registered PFOs have the appropriate experience to do so effectively. Due to the complexity of SEC and FINRA rules, the size of the company and other factors, many broker-dealers will look to outsource the PFO and POO functions rather than hiring a full-time individual.
CCO Solutions | FINOP Consulting