BROKER-DEALERS

We know Broker-Dealers. Learn how we can help companies like yours.

Broker-Dealers are under constant scrutiny by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Navigating this ever-changing, highly regulated industry has become even more challenging in the current economic climate.

Are you in compliance? Regulatory agencies enforce strict reporting deadlines and rigorous standards governing operating procedures and internal controls. To comply with mandatory filing dates, you need an in-depth understanding of these rules and regulations.

Our dedicated financial services team can help you stay in compliance and out of trouble with regulators. We have decades of experience auditing broker-dealers, and our team is up-to-date on all the latest regulatory changes affecting this highly specialized industry. We perform independent audit and assurance, tax, and consulting services (e.g. back-office and internal controls) for hundreds of financial services clients, including introducing brokers, clearing brokers, carrying brokers, investment advisors, private equity firms, hedge funds and futures commission merchants.

How can you find an auditor you can trust? Auditors of broker-dealers are responsible for reporting to the SEC on material inadequacies and ensuring compliance with net capital and customer funds segregation rules. The SEC now mandates that auditors of both public and non-public broker-dealers be registered with the Public Company Accounting Oversight Board (PCAOB).

Kaufman, Rossin & Co. has been registered with the Public Company Accounting Oversight Board since the Board was established. We\'ve been inspected twice, and both times our inspections were clean - no deficiencies were found. With 100% clean PCAOB reports and decades of clean peer reviews, we\'ve got the track record and technical skills to meet your expectations - but it\'s the personal service we provide that differentiates our firm.

Is your data secure? Regulators last year issued the SEC\'s first-ever privacy fine against now-defunct broker-dealer GunnAllen Financial for failing to protect customer data, including bank information, driver\'s license numbers and social security numbers. But former IT staffers say there were many more data security failures at the firm that regulators didn\'t even know about.

Our information security and compliance experts have extensive experience analyzing and evaluating technology and information security environments, conducting IT security risk assessments, developing systems of internal controls and conducting full-scale compliance programs.

Is your brokerage in transition? Smaller broker-dealers have had an especially difficult time in the current volatile economic market. Increasingly high costs of compliance and technology continue to push many broker-dealers out of business.

At Kaufman, Rossin, we understand the challenges facing the broker-dealer industry, which enables us to recognize business needs and serve as a trusted advisor as your firm goes through changes. Our reputation in the investment community will provide a higher level of confidence for current and potential investors as you weather economic challenges. For those looking to transition to a different business structure or undergoing mergers or acquisitions, our business consulting and valuation experts can help with the transition.