Regulators and firms involved in enforcement proceedings often rely on NRS to serve as the independent compliance consultant approved to assist with oversight and remediation.
While the specifics vary based on the client’s situation, such engagements frequently include:
- Off-Site Review: NRS will request a series of compliance documents responsive to the issue outlined in the enforcement order or settlement agreement,
- On-Site Examinations: NRS will visit the firm’s office and conduct an examination through a series of exercises and interviews of the firm’s senior staff and personnel to review issues outlined in the enforcement order or settlement agreement,
- Off-Site Exam Report: Upon completion of its review, NRS will submit a report to the regulator outlining the review conducted, methodology, findings, and recommendations, and
- Other Services: based on the firm’s needs and the requirements specified in the enforcement order or settlement agreement.