BD Financial Services Group assists broker-dealers with regulatory issues related to SEA Rule 15c3-1, “the Net Capital Rule”. Areas of expertise include rule interpretation and implementation, financial systems development, accounting and accounting procedures, accounting software application and initialization, financial statement compilation, net capital computation and FOCUS reporting.
Regulatory bodies, including the SEC, FINRA and state regulatory agencies will review a broker-dealer’s net capital as part of each examination. It is not unusual for regulators to detect discrepancies that may or may not lead to violations, but in most instances will require changes to the firm’s books and records and revision to net capital computations. BD Financial Services Group principals are experienced assisting broker-dealers with accounting and net capital problems and will assist the firm with responses to Rule 8210 requests related to any accounting or net capital issues.
In addition to providing assistance with issues related to net capital, BD Financial Services Group principals combine their knowledge and application of the rules with technical and professional writing expertise essential to addressing all other regulatory concerns, limiting further requests and reducing potential exposure.