Broker-Dealer Services
Most small and mid-size firms cannot carry a full-time general counsel and a full-time compliance officer. This practice exists for them.
The practice
More than defense.
The firm was founded by a former president, chief executive and chief compliance officer of a FINRA member broker-dealer — someone who took a firm through the new member application under Rule 1014 and wrote its entire supervisory system before ever advising anyone else on theirs.
That shapes how this practice works. Defending an examination finding is the expensive end of the problem. The cheaper end is the business planning that happens first: how a new product line changes the supervisory obligation, whether a proposed compensation arrangement survives contact with the rules, what a change in ownership will require before it is agreed rather than after.
For some firms the arrangement is standing rather than occasional — acting as external general counsel and compliance department, from the initial application through routine reviews. For others it is a single application, one examination, or one complaint. Companies outside the securities industry are served by a separate practice.
Services
Across the life of the firm.
Further reading
Before it becomes a membership problem.
Statutory disqualification
A status, not a sanction — and it reaches every associated person. The firm has ten days to amend the Form U4 once it learns of one.