Post by cxgllc on Apr 25, 2019 6:27:34 GMT -5
According to Rule 1022 and various FINRA notices, a FinOp is responsible for:
1.The accuracy and final approval of financial reports submitted to any duly established securities industry regulatory body;
2.Final preparation of such reports;
3.Supervision of individuals who assist in the preparation of such reports;
4.Supervision of individuals who are involved in the actual maintenance of the firm’s books and records, from which such reports are derived;
5.Supervision and/or performance of the broker-dealer’s responsibilities under all financial responsibility rules promulgated pursuant to the provisions of the Securities 6.Exchange Act of 1934 (Exchange Act);
7.Overall supervision of the individuals who are involved in the administration and maintenance of the back office operations; and
Any other matter involving the firm’s financial and operational management.
FINOP solutions | Compliance Consulting Services
1.The accuracy and final approval of financial reports submitted to any duly established securities industry regulatory body;
2.Final preparation of such reports;
3.Supervision of individuals who assist in the preparation of such reports;
4.Supervision of individuals who are involved in the actual maintenance of the firm’s books and records, from which such reports are derived;
5.Supervision and/or performance of the broker-dealer’s responsibilities under all financial responsibility rules promulgated pursuant to the provisions of the Securities 6.Exchange Act of 1934 (Exchange Act);
7.Overall supervision of the individuals who are involved in the administration and maintenance of the back office operations; and
Any other matter involving the firm’s financial and operational management.
FINOP solutions | Compliance Consulting Services