The LeGaye Law Firm, P.C. is well equipped to assist broker-dealers in taking proactive steps required to identify, assess and reduce areas of risk. Part of the risk assessment process provided by the firm includes on-site mock regulatory testing of client systems and BD procedures. This independent third-party testing process is an important and integral part of the risk management and review necessary that broker dealers should incorporate in meeting their annual testing requirement. As part of the testing and risk assessment process, The LeGaye Law Firm, P.C., will evaluate the aspects of your business subject to regulatory compliance, including:
- Bookkeeping Records
- Account Ledgers
- Trading and Transaction Records
- New Account Applications
- Customer Complaints and Arbitration matters
- Associated Persons’ and Representatives’ Files
- Advertising and Marketing Materials
- Written Policies and Procedures Manuals
- Firm Registration Records
- Client Disclosure Documents and Privacy Notices
- Testing of Anti-Money Laundering Programs, Business Continuity Plans, Regulation S-P Controls and Other Compliance Programs
- Client Contracts and Account Files
- Supervisory Compliance Controls
- Processes for Evaluating Actual and Potential Conflicts of Interest and Mitigation of Conflicts
- New Products and Services, Including Processes for Business Development and Creation of New Policies and Procedures
Upon completion of the Firm’s testing or risk assessment, you will be provided with an initial finding report , which will addresses any critical concerns requiring immediate action. Based upon the needs of our client’s, the Firm is able to issue a final report that addresses the annual report occasioned by FINRA Rule 3012.