In this day and age of increased regulatory scrutiny over the securities industry, including an unfortunately long line of major enforcement cases levied by the SEC and referred to the U.S. Department of Justice, proper registration of a firm’s associated persons may not be at the top of many compliance watch lists. However, although relatively non-technical and a required aspect of every compliance program, keeping track of rep-registration status at a large broker-dealer or dually-registered investment adviser can be both an arduous and tedious assignment – and therefore potentially under-appreciated and under-resourced.
Read this whitepaper to learn about
- SEC & State Registration Requirements
- Enforcement Actions at the State, FINRA and SEC levels
- How technology can help track unregistered broker-dealer activities
- How to best evaluate your need for broker-dealer registration and the safest course of action.